Hilltop National Bank Acquires Shares of 1,173 GE Aerospace $GE

Key Points

• Hilltop National Bank acquired 1,173 shares of GE Aerospace valued at approximately $302,000 in the second quarter, indicating growing institutional interest in the stock.
• Analysts have varied opinions on GE Aerospace, with Barclays raising its price target from $230 to $295, while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating, reflecting a divergence in outlook among analysts.
• GE Aerospace reported a quarterly earnings per share of $1.66, exceeding analyst expectations, and announced a quarterly dividend of $0.36 per share, demonstrating strong financial performance.

Hilltop National Bank purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,173 shares of the company's stock, valued at approximately $302,000.

Several other institutional investors have also made changes to their positions in the stock. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter worth $30,000. Finally, First Pacific Financial increased its stake in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Trading Down 0.7%

NYSE:GE opened at $297.40 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company's 50 day moving average is $280.65 and its 200-day moving average is $243.95.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last 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. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

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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