Private Wealth Group LLC Invests $302,000 in GE Aerospace $GE

Key Points

• Private Wealth Group LLC invested $302,000 by purchasing 1,175 shares of GE Aerospace in the 2nd quarter, as disclosed in its recent 13F filing.
• GE Aerospace reported a strong earnings performance with an EPS of $1.66, surpassing analysts' expectations of $1.43, alongside a revenue of $10.15 billion for the quarter, showing a year-over-year increase of 21.2%.
• The company declared a quarterly dividend of $0.36 per share, resulting in an annualized dividend of $1.44 and a yield of 0.5%, with a dividend payout ratio of 20.08%.

Private Wealth Group LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,175 shares of the company's stock, valued at approximately $302,000.

Several other institutional investors have also modified their holdings of the company. Old North State Wealth Management LLC grew its position in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after buying an additional 39 shares in the last quarter. Webster Bank N. A. grew its position in GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after buying an additional 41 shares in the last quarter. Pacific Sage Partners LLC grew its position in GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock valued at $314,000 after buying an additional 41 shares in the last quarter. Ascent Capital Management LLC grew its position in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after buying an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its position in GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after buying an additional 43 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE opened at $297.40 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a 50-day moving average of $280.65 and a two-hundred day moving average of $244.21. The stock has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued 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 is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GE. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $241.92.

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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