Hanson & Doremus Investment Management Has $1.20 Million Holdings in GE Aerospace $GE

Key Points

• Hanson & Doremus Investment Management has reduced its stake in GE Aerospace by 27.9%, now holding approximately $1.20 million worth of shares after selling 1,800 shares in the second quarter.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing the consensus estimate of $1.43, with revenue up 21.2% year-over-year, totaling $10.15 billion.
• The company has a strong analyst consensus rating of "Moderate Buy" with a price target increase from multiple analysts, indicating a positive outlook for the stock's performance.

Hanson & Doremus Investment Management cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,649 shares of the company's stock after selling 1,800 shares during the period. Hanson & Doremus Investment Management's holdings in GE Aerospace were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GE. Brighton Jones LLC grew its stake in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares during the period. Burr Financial Services LLC acquired a new position in GE Aerospace in the first quarter valued at about $256,000. Fifth Third Wealth Advisors LLC grew its stake in GE Aerospace by 28.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 21,328 shares of the company's stock valued at $4,269,000 after acquiring an additional 4,744 shares during the period. Finally, Aletheian Wealth Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at about $214,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GE has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Stock Performance

GE opened at $294.97 on Monday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The firm has a market capitalization of $312.80 billion, a PE ratio of 41.14, a PEG ratio of 3.17 and a beta of 1.48. 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 business's 50-day simple moving average is $277.26 and its 200 day simple moving average is $241.12.

GE Aerospace (NYSE:GE - Get Free Report) last released its 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 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 quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace's 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. As a group, sell-side analysts expect 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. Investors of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 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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