BSW Wealth Partners Has $389,000 Stake in GE Aerospace $GE

Key Points

• BSW Wealth Partners reduced its stake in GE Aerospace by 45.3% to $389,000, owning 1,511 shares after selling 1,249 shares in Q2.
• GE Aerospace reported a 21.2% year-over-year revenue increase with quarterly earnings of $1.66 per share, exceeding analysts' expectations of $1.43.
• The company announced a quarterly dividend of $0.36 per share, payable on October 27th, representing a 0.5% dividend yield.

BSW Wealth Partners lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 45.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,511 shares of the company's stock after selling 1,249 shares during the period. BSW Wealth Partners' holdings in GE Aerospace were worth $389,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 7.1% during the 4th 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. Hennion & Walsh Asset Management Inc. grew its stake in GE Aerospace by 16.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,204 shares of the company's stock valued at $2,643,000 after buying an additional 1,912 shares during the last quarter. Triangle Securities Wealth Management raised its holdings in GE Aerospace by 3.6% in the 1st quarter. Triangle Securities Wealth Management now owns 2,702 shares of the company's stock worth $541,000 after acquiring an additional 93 shares during the period. Finally, Apella Capital LLC lifted its position in GE Aerospace by 34.0% during the 1st quarter. Apella Capital LLC now owns 4,290 shares of the company's stock worth $803,000 after acquiring an additional 1,088 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of GE stock opened at $299.54 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a market capitalization of $317.64 billion, a P/E ratio of 41.78, a P/E/G ratio of 3.24 and a beta of 1.49. The stock has a 50 day moving average of $280.12 and a two-hundred day moving average of $243.28. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company 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 expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

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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