One Wealth Advisors LLC Purchases New Position in GE Aerospace $GE

Key Points

• One Wealth Advisors LLC has acquired a new position in GE Aerospace, purchasing 886 shares valued at approximately $228,000 during the second quarter.
• GE Aerospace reported a 21.2% year-over-year increase in quarterly revenue, reaching $10.15 billion, and exceeded earnings estimates with an EPS of $1.66.
• Analysts have revised their price targets upwards, with UBS raising its target to $321.00 and Citigroup adjusting it to $296.00, indicating strong market confidence.

One Wealth Advisors LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 886 shares of the company's stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace in the 1st quarter valued at about $30,000. Finally, First Pacific Financial raised its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

GE opened at $301.18 on Wednesday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The firm has a market capitalization of $319.38 billion, a PE ratio of 42.01, a PEG ratio of 3.16 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm's 50-day moving average price is $278.71 and its 200 day moving average price is $242.20.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

Several brokerages have commented on GE. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group lifted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $241.92.

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.

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