Dynamic Advisor Solutions LLC Grows Stock Holdings in GE Aerospace $GE

Key Points

• Dynamic Advisor Solutions LLC increased its stake in GE Aerospace by 8.2% during the second quarter, now holding shares worth approximately $5.1 million.
• Multiple hedge funds significantly expanded their holdings in GE Aerospace, with notable growth from GAMMA Investing LLC, increasing its shares by over 23,600% in the first quarter.
• Analysts have raised their price targets for GE Aerospace, with UBS Group setting a new target of $321.00, reflecting positive sentiment and a consensus rating of "Moderate Buy" among research analysts.

Dynamic Advisor Solutions LLC increased its position in GE Aerospace (NYSE:GE - Free Report) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,798 shares of the company's stock after acquiring an additional 1,497 shares during the period. Dynamic Advisor Solutions LLC's holdings in GE Aerospace were worth $5,096,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in GE Aerospace during the fourth quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management grew its holdings in 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 purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the first quarter valued at about $29,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the first quarter worth about $30,000. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Price Performance

Shares of GE stock traded up $4.53 during trading hours on Friday, reaching $301.62. The company had a trading volume of 9,629,752 shares, compared to its average volume of 3,951,953. 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 stock has a fifty day moving average of $273.62 and a 200-day moving average of $237.10. The company has a market capitalization of $319.85 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 3.24 and a beta of 1.48. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $303.03.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm's revenue for the quarter 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. On average, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 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.