David J Yvars Group Acquires New Holdings in GE Aerospace $GE

David J Yvars Group purchased a new position in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,423 shares of the company's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Webster Bank N. A. grew its holdings in GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after purchasing an additional 41 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its holdings in GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock worth $810,000 after purchasing an additional 43 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock worth $56,000 after buying an additional 46 shares during the period. First National Bank Sioux Falls lifted its stake in shares of GE Aerospace by 2.8% during the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock worth $428,000 after buying an additional 46 shares during the period. Finally, Sfmg LLC lifted its stake in shares of GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after buying an additional 48 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 2.2%

Shares of NYSE GE opened at $293.01 on Wednesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $294.74. The stock has a market cap of $310.72 billion, a PE ratio of 40.87, a P/E/G ratio of 3.09 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $271.00 and a 200 day moving average of $235.11.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company 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 company earned $1.20 EPS. GE Aerospace's 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. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's payout ratio is presently 20.08%.

Analyst Ratings Changes

GE has been the subject of several research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

About GE Aerospace

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.