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

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in GE Aerospace by 22.6%, owning 25,617 shares valued at approximately $6.59 million.
• GE Aerospace reported $1.66 earnings per share for the latest quarter, exceeding analysts' estimates of $1.46, with revenue rising 26.4% year-over-year to $11.31 billion.
• The company announced a quarterly dividend of $0.36, representing an annualized yield of 0.5%, with a payout ratio of 19.23%.

Focus Partners Advisor Solutions LLC increased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 22.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,617 shares of the company's stock after buying an additional 4,725 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in GE Aerospace were worth $6,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. lifted its position in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock worth $29,000 after buying an additional 59 shares during the period. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter worth about $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace during the first quarter worth about $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $303.97 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53. The firm has a market cap of $320.63 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49. The stock has a 50-day simple moving average of $289.19 and a 200-day simple moving average of $254.75.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The company's revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GE shares. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Jefferies Financial Group upped their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Finally, Citigroup restated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $284.27.

About GE Aerospace

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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