GSB Wealth Management LLC Takes Position in GE Aerospace $GE

Key Points

• GSB Wealth Management LLC acquired a new stake in GE Aerospace, purchasing 930 shares valued at approximately $239,000 during the 2nd quarter.
• Research firms are optimistic about GE Aerospace's stock, with several increasing target prices and maintaining a consensus rating of "Moderate Buy".
• GE Aerospace recently announced a quarterly dividend of $0.36, with a payout ratio of 20.08%, and stockholders of record will receive this dividend on October 27th.

GSB Wealth Management LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 930 shares of the company's stock, valued at approximately $239,000.

Other institutional investors also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter valued at $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the 1st quarter valued at $30,000. Finally, First Pacific Financial grew its stake in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GE. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup restated 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. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $305.50 on Wednesday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $305.78. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market capitalization of $323.97 billion, a P/E ratio of 42.61, a P/E/G ratio of 3.24 and a beta of 1.48. The company's fifty day moving average price is $275.21 and its two-hundred day moving average price is $238.60.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts anticipate 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 given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

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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