Plancorp LLC Purchases 1,018 Shares of GE Aerospace $GE

Key Points

• Plancorp LLC increased its stake in GE Aerospace by 9.4%, holding a total of $2.37 million worth of shares after acquiring additional shares in the first quarter.
• GE Aerospace reported earnings of $1.66 per share, surpassing estimates and demonstrating a 21.2% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.36 per share, translating to an annual yield of 0.5% and a payout ratio of 20.08%.

Plancorp LLC lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,837 shares of the company's stock after purchasing an additional 1,018 shares during the quarter. Plancorp LLC's holdings in GE Aerospace were worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GE. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management grew its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the first quarter worth $30,000. O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace in the first quarter worth $33,000. Finally, First Pacific Financial grew 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 during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GE shares. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Citigroup reissued a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Price Performance

Shares of NYSE GE traded down $2.62 during mid-day trading on Friday, reaching $279.65. The company's stock had a trading volume of 4,950,277 shares, compared to its average volume of 4,029,993. The firm has a market capitalization of $296.55 billion, a PE ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48. 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 stock has a fifty day moving average of $266.25 and a two-hundred day moving average of $231.37. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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