GE Aerospace $GE Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,892 shares of the company's stock after buying an additional 5,279 shares during the period. Focus Partners Advisor Solutions LLC's holdings in GE Aerospace were worth $4,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. Brighton Jones LLC boosted its position in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its holdings in GE Aerospace by 7.1% during 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. Aptus Capital Advisors LLC raised its holdings in GE Aerospace by 20.9% during the fourth quarter. Aptus Capital Advisors LLC now owns 14,158 shares of the company's stock worth $2,364,000 after purchasing an additional 2,451 shares in the last quarter. BIP Wealth LLC bought a new stake in GE Aerospace during the fourth quarter worth approximately $240,000. Finally, Benjamin Edwards Inc. raised its holdings in GE Aerospace by 17.6% during the fourth quarter. Benjamin Edwards Inc. now owns 18,111 shares of the company's stock worth $3,021,000 after purchasing an additional 2,708 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

NYSE GE opened at $275.11 on Tuesday. The stock has a market capitalization of $291.74 billion, a P/E ratio of 38.37, a P/E/G ratio of 2.96 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The business's fifty day moving average is $264.10 and its two-hundred day moving average is $229.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts' expectations 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 was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup reissued a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average 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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