Focus Partners Wealth Has $30.62 Million Holdings in GE Aerospace $GE

Key Points

• Focus Partners Wealth increased its stake in GE Aerospace by 20.7% in the 1st quarter, amassing a total of 152,957 shares worth approximately $30.6 million.
• Several hedge funds adjusted their positions in GE Aerospace, with a significant 46.0% increase by First Pacific Financial during the same quarter.
• GE Aerospace's recent financial results showed an earnings per share (EPS) of $1.66, exceeding analyst expectations, with projected FY 2025 EPS guidance of 5.600-5.800.

Focus Partners Wealth lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,957 shares of the company's stock after acquiring an additional 26,261 shares during the quarter. Focus Partners Wealth's holdings in GE Aerospace were worth $30,615,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Putney Financial Group LLC bought a new position in GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Copia Wealth Management lifted its holdings in shares of 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 acquiring an additional 142 shares during the period. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at about $30,000. Finally, First Pacific Financial boosted its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GE shares. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup reissued a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

GE traded up $0.11 during trading hours on Friday, reaching $281.67. The company's stock had a trading volume of 3,249,603 shares, compared to its average volume of 3,841,655. The company's 50-day moving average is $269.33 and its 200-day moving average is $233.70. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $286.91. The firm has a market cap of $298.69 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's quarterly revenue was up 21.2% on a year-over-year basis. 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. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared 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 of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio is currently 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.