Insight Advisors LLC PA Acquires New Shares in GE Aerospace $GE

Key Points

• Insight Advisors LLC PA acquired a new stake in GE Aerospace, buying 911 shares valued at approximately $234,000, during the second quarter.
• Several research firms have recently upgraded their ratings on GE Aerospace, with TD Cowen raising the price target from $300 to $330 and Royal Bank of Canada increasing it from $300 to $340.
• GE Aerospace announced a quarterly dividend of $0.36, with a dividend yield of 0.5%, reflecting a dividend payout ratio of 19.23%.

Insight Advisors LLC PA bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 911 shares of the company's stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the first quarter worth $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $29,000. IMG Wealth Management Inc. lifted its holdings in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at about $30,000. Finally, First Pacific Financial increased its holdings 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 in the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GE. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. TD Cowen lifted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, October 7th. 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. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an "outperform" rating in a report on Friday, October 17th. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $284.27.

GE Aerospace Price Performance

NYSE GE opened at $306.26 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. The company has a market capitalization of $323.05 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 3.11 and a beta of 1.49. The firm's 50 day moving average is $288.46 and its 200-day moving average is $253.82.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts' expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm's revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 19.23%.

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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