GE Aerospace $GE Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its position in GE Aerospace by 28.9% in the second quarter, acquiring 4,186 additional shares, resulting in a total holding worth $4.805 million.
• GE Aerospace reported $1.66 EPS for the quarter, surpassing analysts' expectations of $1.43, and achieved revenues of $10.15 billion, which also exceeded forecasts.
• The company announced a quarterly dividend of $0.36, reflecting a 0.5% yield, with a dividend payout ratio currently at 20.08%.

Farther Finance Advisors LLC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 28.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,668 shares of the company's stock after buying an additional 4,186 shares during the quarter. Farther Finance Advisors LLC's holdings in GE Aerospace were worth $4,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GE. UMB Bank n.a. grew its holdings in GE Aerospace by 535.4% during the 2nd quarter. UMB Bank n.a. now owns 59,128 shares of the company's stock valued at $15,219,000 after purchasing an additional 49,823 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in GE Aerospace during the second quarter valued at about $137,000. Pinnacle Bancorp Inc. lifted its position in GE Aerospace by 14.3% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,282 shares of the company's stock worth $330,000 after buying an additional 160 shares in the last quarter. AA Financial Advisors LLC raised its holdings in shares of GE Aerospace by 7.3% during the 2nd quarter. AA Financial Advisors LLC now owns 5,045 shares of the company's stock valued at $1,299,000 after purchasing an additional 343 shares in the last quarter. Finally, Thomasville National Bank bought a new position in shares of GE Aerospace in the second quarter worth about $204,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 1.5%

Shares of NYSE GE opened at $301.62 on Friday. 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 firm has a market capitalization of $319.85 billion, a PE ratio of 42.07, a PEG ratio of 3.24 and a beta of 1.48. The business has a 50-day moving average price of $273.62 and a two-hundred day moving average price of $237.10. GE Aerospace has a one year low of $159.36 and a one year high of $303.03.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. 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 fiscal year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GE shares. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, 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 note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

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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