Forvis Mazars Wealth Advisors LLC Increases Stock Holdings in GE Aerospace $GE

Key Points

• Forvis Mazars Wealth Advisors LLC has increased its stake in GE Aerospace by 20.9%, owning 12,079 shares valued at approximately $2.4 million as of the latest SEC filing.
• Several institutional investors have also increased their stakes in GE Aerospace, with hedge funds and other institutions owning 74.77% of the stock.
• Analysts have shown confidence in GE Aerospace, with upgrades from multiple firms and a current consensus rating of "Moderate Buy" along with a price target of $232.92.

Forvis Mazars Wealth Advisors LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,079 shares of the company's stock after purchasing an additional 2,087 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in GE Aerospace were worth $2,418,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GE. Brighton Jones LLC lifted its holdings in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after acquiring an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of GE Aerospace by 163.8% during the fourth quarter. XTX Topco Ltd now owns 3,355 shares of the company's stock valued at $560,000 after acquiring an additional 2,083 shares in the last quarter. Farringdon Capital Ltd. bought a new position in shares of GE Aerospace during the fourth quarter valued at $371,000. Finally, GeoWealth Management LLC boosted its position in shares of GE Aerospace by 5.9% during the fourth quarter. GeoWealth Management LLC now owns 10,641 shares of the company's stock valued at $1,775,000 after buying an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 1.0%

GE stock traded down $2.7310 during mid-day trading on Tuesday, reaching $265.7190. The company had a trading volume of 3,401,513 shares, compared to its average volume of 6,039,509. The firm has a fifty day simple moving average of $257.78 and a 200 day simple moving average of $224.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a market capitalization of $281.78 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 earnings per share 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 given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target 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.