Bragg Financial Advisors Inc Raises Position in GE Aerospace $GE

Key Points

• Bragg Financial Advisors Inc increased its stake in GE Aerospace by 1.5%, now holding 62,937 shares valued at approximately $12.6 million, according to their recent SEC filing.
• Several institutional investors significantly boosted their positions in GE Aerospace during the first quarter, with ownership now at 74.77% by institutional investors.
• In recent analyst reports, GE Aerospace has received upgrade ratings from analysts, with price targets being raised, reflecting positive sentiment on its performance and future growth potential.

Bragg Financial Advisors Inc increased its stake in GE Aerospace (NYSE:GE - Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,937 shares of the company's stock after purchasing an additional 937 shares during the quarter. Bragg Financial Advisors Inc's holdings in GE Aerospace were worth $12,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at $28,000. Copia Wealth Management lifted its holdings in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. O Brien Wealth Partners LLC bought a new position in GE Aerospace during the first quarter worth about $33,000. First Pacific Financial boosted its holdings in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. Finally, POM Investment Strategies LLC raised its position in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock worth $33,000 after buying an additional 151 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GE shares. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Citigroup restated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 0.4%

NYSE:GE opened at $266.9230 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $281.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company's 50-day simple moving average is $258.69 and its 200 day simple moving average is $225.50. The firm has a market capitalization of $283.06 billion, a P/E ratio of 37.23, a PEG ratio of 2.86 and a beta of 1.44.

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

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is presently 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.

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