Beacon Investment Advisory Services Inc. Buys 3,707 Shares of GE Aerospace $GE

Key Points

• Beacon Investment Advisory Services Inc. increased its stake in GE Aerospace by 304.1%, acquiring an additional 3,707 shares during the second quarter, bringing its total holdings to 4,926 shares valued at approximately $1.27 million.
• GE Aerospace reported earnings per share (EPS) of $1.66 for the last quarter, surpassing analysts' expectations of $1.43, with a revenue of $10.15 billion compared to estimates of $9.49 billion.
• The company recently announced a quarterly dividend of $0.36 per share, reflecting an annualized yield of 0.5% with a dividend payout ratio of 20.08%.

Beacon Investment Advisory Services Inc. increased its position in GE Aerospace (NYSE:GE - Free Report) by 304.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,926 shares of the company's stock after buying an additional 3,707 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in GE Aerospace were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Effects LLC lifted its stake in GE Aerospace by 24.8% in the second quarter. Wealth Effects LLC now owns 2,276 shares of the company's stock worth $586,000 after acquiring an additional 452 shares during the period. TD Private Client Wealth LLC grew its holdings in GE Aerospace by 81.5% in the second quarter. TD Private Client Wealth LLC now owns 15,715 shares of the company's stock worth $4,045,000 after purchasing an additional 7,056 shares during the period. Mather Group LLC. increased its position in GE Aerospace by 2.2% during the 2nd quarter. Mather Group LLC. now owns 18,363 shares of the company's stock valued at $4,726,000 after buying an additional 394 shares in the last quarter. Carr Financial Group Corp purchased a new position in shares of GE Aerospace in the 2nd quarter worth about $296,000. Finally, RVW Wealth LLC lifted its stake in shares of GE Aerospace by 6.7% in the second quarter. RVW Wealth LLC now owns 1,329 shares of the company's stock worth $342,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Down 1.1%

NYSE GE opened at $297.12 on Friday. The stock has a market cap of $315.08 billion, a PE ratio of 41.44, a PEG ratio of 3.23 and a beta of 1.48. The company's 50-day moving average price is $276.63 and its 200-day moving average price is $239.75. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GE shares. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup restated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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