Hansen & Associates Financial Group Inc. Acquires New Holdings in GE Aerospace $GE

Key Points

• Hansen & Associates Financial Group Inc. acquired a new stake of 6,578 shares in GE Aerospace, valued at approximately $1.67 million, making it the 11th largest position in their investment portfolio.
• GE Aerospace's quarterly earnings exceeded expectations, reporting $1.66 EPS and $10.15 billion in revenue, marking a 21.2% increase compared to the previous year.
• The company declared a quarterly dividend of $0.36 per share, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Hansen & Associates Financial Group Inc. acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,578 shares of the company's stock, valued at approximately $1,674,000. GE Aerospace accounts for approximately 0.9% of Hansen & Associates Financial Group Inc.'s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also recently bought and sold shares of the company. Chicago Capital LLC grew its holdings in GE Aerospace by 3.8% during the second quarter. Chicago Capital LLC now owns 19,101 shares of the company's stock valued at $4,917,000 after purchasing an additional 700 shares during the period. One Wealth Advisors LLC acquired a new position in GE Aerospace during the second quarter valued at approximately $228,000. Trivium Point Advisory LLC grew its holdings in GE Aerospace by 10.5% during the second quarter. Trivium Point Advisory LLC now owns 3,619 shares of the company's stock valued at $932,000 after purchasing an additional 343 shares during the period. Eagle Wealth Strategies LLC acquired a new position in GE Aerospace during the second quarter valued at approximately $250,000. Finally, Lee Johnson Capital Management LLC acquired a new position in GE Aerospace during the second quarter valued at approximately $6,616,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE opened at $293.57 on Tuesday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a fifty day simple moving average of $277.88 and a 200 day simple moving average of $241.79. The stock has a market capitalization of $311.31 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 3.17 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

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, topping the consensus estimate 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 period in the prior year, the firm posted $1.20 earnings per share. The company's quarterly 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. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Jefferies Financial Group upped their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Finally, Barclays upped their price target 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. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

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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