Cypress Wealth Services LLC Invests $258,000 in GE Aerospace $GE

Key Points

• Cypress Wealth Services LLC invested approximately $258,000 in GE Aerospace by acquiring 1,002 shares during the second quarter.
• GE Aerospace reported better-than-expected earnings with an EPS of $1.66, surpassing analysts' consensus estimate of $1.43, while its revenue rose to $10.15 billion.
• A recent dividend of $0.36 per share was declared for GE Aerospace, reflecting an annualized dividend yield of 0.5%.

Cypress Wealth Services LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,002 shares of the company's stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management boosted its holdings in GE Aerospace by 14,200.0% in 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 in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace in the first quarter valued at approximately $33,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

GE Aerospace stock opened at $300.28 on Wednesday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. 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 business has a 50 day simple moving average of $284.44 and a 200-day simple moving average of $248.71. The stock has a market capitalization of $318.43 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid 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 dividend payout ratio is 20.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GE shares. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Weiss Ratings reissued a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $267.13.

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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