BNC Wealth Management LLC Raises Stock Position in GE Aerospace $GE

BNC Wealth Management LLC boosted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,203 shares of the company's stock after buying an additional 1,439 shares during the quarter. BNC Wealth Management LLC's holdings in GE Aerospace were worth $3,398,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the period. State of Wyoming lifted its stake in shares of GE Aerospace by 28.3% during the fourth quarter. State of Wyoming now owns 721 shares of the company's stock worth $120,000 after buying an additional 159 shares during the period. United Advisor Group LLC lifted its stake in shares of GE Aerospace by 19.1% during the fourth quarter. United Advisor Group LLC now owns 1,918 shares of the company's stock worth $320,000 after buying an additional 307 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of GE Aerospace during the fourth quarter worth $167,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Trading Up 1.5%

Shares of GE Aerospace stock opened at $305.50 on Wednesday. The firm has a 50-day simple moving average of $275.21 and a two-hundred day simple moving average of $238.60. The company has a market cap of $323.97 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $305.78. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal 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 dividend payout ratio is 20.08%.

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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