Integrity Alliance LLC. Makes New $649,000 Investment in GE Aerospace $GE

Key Points

• Integrity Alliance LLC made a new investment in GE Aerospace, acquiring 3,243 shares valued at approximately $649,000.
• Research analysts remain bullish on the stock, with UBS Group raising its target price from $300.00 to $321.00 while maintaining a "buy" rating.
• GE Aerospace recently reported earnings of $1.66 per share, exceeding analysts' expectations of $1.43, along with a revenue increase of 21.2% year-over-year.

Integrity Alliance LLC. acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,243 shares of the company's stock, valued at approximately $649,000.

Several other hedge funds also recently made changes to their positions in GE. Brighton Jones LLC increased its holdings 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 increased its holdings in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of GE Aerospace by 2.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,497 shares of the company's stock worth $18,263,000 after purchasing an additional 2,843 shares during the period. Numerai GP LLC bought a new position in shares of GE Aerospace during the fourth quarter worth approximately $212,000. Finally, Northeast Financial Consultants Inc increased its holdings in shares of GE Aerospace by 28.1% during the fourth quarter. Northeast Financial Consultants Inc now owns 1,608 shares of the company's stock worth $268,000 after purchasing an additional 353 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

NYSE GE opened at $281.75 on Friday. The firm's fifty day moving average price is $268.63 and its two-hundred day moving average price is $233.13. The stock has a market cap of $298.78 billion, a PE ratio of 39.30, a PEG ratio of 3.05 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $286.91. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's payout ratio is 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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