GE Aerospace $GE Shares Acquired by Strategic Investment Solutions Inc. IL

Key Points

• Strategic Investment Solutions Inc. IL increased its stake in GE Aerospace by 141% in Q2, now holding 2,579 shares valued at $664,000, while overall institutional ownership stands at 74.77% of the company's stock.
• Analysts have enhanced price targets for GE Aerospace, with Wells Fargo increasing their target from $34 to $38, and Barclays raising theirs from $230 to $295, indicating strong confidence in the stock's performance.
• GE Aerospace announced a quarterly dividend of $0.36 to be paid on October 27, with a current payout ratio of 20.08%, equating to an annual dividend yield of 0.5%.

Strategic Investment Solutions Inc. IL lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 141.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,579 shares of the company's stock after purchasing an additional 1,509 shares during the period. Strategic Investment Solutions Inc. IL's holdings in GE Aerospace were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GE. Smartleaf Asset Management LLC lifted its position in shares of GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new position in GE Aerospace in the 1st quarter valued at about $203,000. Sendero Wealth Management LLC raised its stake in GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after purchasing an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in shares of GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after buying an additional 9,580 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GE. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Down 1.1%

Shares of GE opened at $297.12 on Friday. The firm has a market cap of $315.08 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company's fifty day moving average is $276.63 and its two-hundred day moving average is $239.75. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25.

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 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company posted $1.20 EPS. The business's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast 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. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is currently 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.

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