BIP Wealth LLC Buys 2,070 Shares of GE Aerospace $GE

Key Points

• BIP Wealth LLC increased its stake in GE Aerospace by 112.1% during the second quarter, acquiring an additional 2,070 shares and raising its total holdings to 3,917 shares valued at $1,008,000.
• GE Aerospace recently reported a quarterly earnings per share of $1.66, surpassing analysts' expectations of $1.46 by $0.20, with a revenue of $11.31 billion for the quarter.
• The company declared a quarterly dividend of $0.36 per share, which will be paid out on October 27th, reflecting an annualized yield of 0.5%.

BIP Wealth LLC increased its position in GE Aerospace (NYSE:GE - Free Report) by 112.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,917 shares of the company's stock after acquiring an additional 2,070 shares during the quarter. BIP Wealth LLC's holdings in GE Aerospace were worth $1,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Ameriflex Group Inc. increased its holdings in shares of GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock worth $437,000 after purchasing an additional 331 shares during the period. Smartleaf Asset Management LLC grew its position in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter valued at about $203,000. Concurrent Investment Advisors LLC grew its holdings in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in GE Aerospace by 7.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company's stock valued at $46,876,000 after purchasing an additional 11,873 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

GE opened at $303.97 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.73. The stock's 50 day simple moving average is $289.19 and its 200 day simple moving average is $254.75. The firm has a market cap of $320.63 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.18 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The business's quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GE shares. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Zacks Research lowered GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. TD Cowen raised their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada upped their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, October 17th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $284.27.

GE Aerospace Profile

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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