GE Aerospace $GE Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in GE Aerospace by 1.2% during the 2nd quarter, now holding 193,128 shares valued at approximately $49.7 million.
• GE Aerospace reported $1.66 earnings per share for the last quarter, exceeding analysts' estimates by $0.23, and had a revenue of $10.15 billion, a 21.2% year-over-year increase.
• The company will pay a quarterly dividend of $0.36 per share on October 27, representing an annualized yield of 0.5%.

Blair William & Co. IL lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,128 shares of the company's stock after acquiring an additional 2,331 shares during the period. Blair William & Co. IL's holdings in GE Aerospace were worth $49,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management lifted its position 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 acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace during the first quarter worth about $33,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 1.1%

NYSE GE opened at $299.18 on Friday. The stock has a market capitalization of $317.26 billion, a P/E ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The firm has a 50-day moving average price of $282.99 and a 200 day moving average price of $246.55. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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 for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is currently 20.08%.

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $251.31.

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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