GE Aerospace $GE Shares Bought by Western Financial Corp CA

Key Points

• Western Financial Corp CA increased its stake in GE Aerospace by 26.3%, now owning 18,482 shares valued at approximately $4.76 million.
• A recent analysis shows a consensus rating of "Moderate Buy" for GE Aerospace, with the average price target set at $241.92.
• GE Aerospace's quarterly earnings outperformed expectations, reporting $1.66 EPS against a consensus of $1.43, with a year-over-year revenue increase of 21.2%.

Western Financial Corp CA boosted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 26.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,482 shares of the company's stock after acquiring an additional 3,847 shares during the period. GE Aerospace comprises about 2.5% of Western Financial Corp CA's holdings, making the stock its 6th biggest holding. Western Financial Corp CA's holdings in GE Aerospace were worth $4,757,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in GE. Smartleaf Asset Management LLC grew its holdings in shares of GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth $203,000. Sendero Wealth Management LLC grew its holdings in shares of GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after buying an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after buying 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. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. UBS Group raised 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. Finally, Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $294.97 on Friday. The stock has a market capitalization of $312.80 billion, a PE ratio of 41.14, a P/E/G ratio of 3.20 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. 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 company's 50-day simple moving average is $277.26 and its 200-day simple moving average is $240.46.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's quarterly 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. Analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company 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 of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

GE Aerospace 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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