N.E.W. Advisory Services LLC Invests $263,000 in GE Aerospace (NYSE:GE)

Key Points

• N.E.W. Advisory Services LLC has taken a new position in GE Aerospace, purchasing 1,313 shares worth approximately $263,000 during the first quarter.
• GE Aerospace reported earnings of $1.66 per share, exceeding estimates and showing a 21.2% increase in revenue year-over-year, totaling $10.15 billion for the quarter.
• The company announced a quarterly dividend of $0.36, reflecting an annual yield of 0.53%, with a payout ratio of 20.08%.

N.E.W. Advisory Services LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,313 shares of the company's stock, valued at approximately $263,000.

Other large investors also recently modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE grew its position in GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the period. Hudock Inc. grew its position in GE Aerospace by 1.8% in the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares during the period. First Pacific Financial grew its position in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the period. First Heartland Consultants Inc. grew its position in GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after purchasing an additional 54 shares during the period. Finally, Motco grew its position in GE Aerospace by 18.5% in the 1st quarter. Motco now owns 353 shares of the company's stock valued at $71,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of NYSE GE traded down $1.59 during mid-day trading on Friday, reaching $269.49. 4,380,218 shares of the company's stock were exchanged, compared to its average volume of 6,199,671. The firm has a market capitalization of $285.78 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.94 and a beta of 1.37. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $274.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a 50-day moving average price of $251.39 and a two-hundred day moving average price of $217.73.

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 analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. Analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders 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 yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, UBS Group lifted their price objective 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

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.