Brian Low Financial Group LLC Makes New Investment in GE Aerospace $GE

Key Points

• Brian Low Financial Group LLC has made a new investment in GE Aerospace, purchasing 866 shares valued at approximately $223,000 in the second quarter.
• GE Aerospace reported strong quarterly earnings of $1.66 per share, exceeding estimates, with a revenue increase of 26.4% year-over-year.
• The company declared a quarterly dividend of $0.36, with a dividend yield of 0.5%, reflecting a payout ratio of 19.23%.

Brian Low Financial Group LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 866 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $29,000. IMG Wealth Management Inc. boosted its stake in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock valued at $29,000 after acquiring an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $303.97 on Friday. The firm has a market capitalization of $320.63 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49. 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 business's 50 day simple moving average is $289.19 and its 200-day simple moving average is $254.75. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.53.

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

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Sanford C. Bernstein increased their target price on shares of GE Aerospace from $343.00 to $374.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 15th. Wolfe Research boosted their price target on GE Aerospace from $280.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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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