Fox Hill Wealth Management Purchases 1,412 Shares of GE Aerospace $GE

Key Points

• Fox Hill Wealth Management has increased its stake in **GE Aerospace** by **72.1%**, acquiring an additional **1,412 shares**, bringing its total holdings to **3,370 shares** valued at approximately **$867,000**.
• **GE Aerospace** reported earnings per share of **$1.66**, surpassing analysts' expectations and showing a **21.2%** year-over-year revenue growth to **$10.15 billion** for the quarter.
• The company recently declared a **quarterly dividend** of **$0.36** per share, translating to an annualized yield of **0.5%**, with a payout ratio currently at **20.08%**.

Fox Hill Wealth Management lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 72.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,370 shares of the company's stock after purchasing an additional 1,412 shares during the period. Fox Hill Wealth Management's holdings in GE Aerospace were worth $867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GE. Putney Financial Group LLC bought a new position in GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the 1st quarter worth $28,000. Copia Wealth Management raised its position in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter worth $29,000. Finally, Wealth Preservation Advisors LLC purchased a new position in GE Aerospace in the 1st quarter worth $30,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $0.11 during midday trading on Friday, reaching $281.67. 3,249,603 shares of the company were exchanged, compared to its average volume of 3,743,986. 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 business's fifty day moving average is $269.33 and its two-hundred day moving average is $234.15. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The stock 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.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays boosted their price target 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. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.