KFA Private Wealth Group LLC Buys New Stake in GE Aerospace $GE

Key Points

• KFA Private Wealth Group LLC acquired a new stake in GE Aerospace during Q2, purchasing 1,057 shares valued at approximately $272,000.
• Analysts have recently raised price targets for GE Aerospace, with UBS increasing their target from $300.00 to $321.00 and Jefferies boosting theirs from $320.00 to $350.00.
• GE Aerospace reported strong quarterly earnings of $1.66 EPS, exceeding estimates by $0.23, and a revenue increase of 21.2% year-over-year.

KFA Private Wealth Group LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,057 shares of the company's stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameriflex Group Inc. lifted its position in GE Aerospace by 23.5% during the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock worth $437,000 after acquiring an additional 331 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of GE Aerospace during the first quarter worth $203,000. Concurrent Investment Advisors LLC lifted its position in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its position in shares of GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after purchasing an additional 9,580 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $251.31.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $291.96 on Friday. The firm has a market cap of $309.61 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The firm's 50-day simple moving average is $283.44 and its 200-day simple moving average is $247.10. 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 has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. GE Aerospace's revenue for the quarter 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 forecast that GE Aerospace will post 5.4 earnings per share 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. Investors 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is currently 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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