Brady Martz Wealth Solutions LLC Purchases Shares of 1,180 GE Aerospace $GE

Key Points

• Brady Martz Wealth Solutions LLC has acquired a new stake in GE Aerospace, adding 1,180 shares valued at approximately $304,000 during the second quarter.
• Wall Street analysts show optimism for GE Aerospace, with target price increases from firms like Royal Bank Of Canada and Barclays, suggesting significant growth potential.
• GE Aerospace has announced a quarterly dividend of $0.36, representing a 0.5% dividend yield, with the next payout scheduled for October 27th.

Brady Martz Wealth Solutions LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,180 shares of the company's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GE. Brighton Jones LLC grew its position in 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 in the last quarter. Revolve Wealth Partners LLC grew its position in 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 in the last quarter. State of Wyoming grew its position in 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 in the last quarter. Sunbelt Securities Inc. grew its position in GE Aerospace by 275.1% during the fourth quarter. Sunbelt Securities Inc. now owns 4,516 shares of the company's stock worth $759,000 after buying an additional 3,312 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in GE Aerospace by 14.9% during the fourth quarter. Mackenzie Financial Corp now owns 670,149 shares of the company's stock worth $111,774,000 after buying an additional 86,807 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the subject of several research analyst reports. 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. Barclays lifted their price target 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 reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Trading Down 0.1%

Shares of NYSE GE traded down $0.23 during midday trading on Monday, reaching $300.91. The company had a trading volume of 4,191,736 shares, compared to its average volume of 4,173,121. GE Aerospace has a one year low of $159.36 and a one year high of $303.03. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm's fifty day moving average price is $274.39 and its 200-day moving average price is $238.13. The stock has a market cap of $319.09 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48.

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

GE Aerospace Dividend Announcement

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

GE Aerospace Company 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.