Realta Investment Advisors Purchases New Shares in GE Aerospace $GE

Key Points

• Realta Investment Advisors has acquired 1,900 shares of GE Aerospace valued at approximately $489,000, according to its recent 13F filing.
• GE Aerospace reported a quarterly revenue of $10.15 billion, exceeding analysts' expectations of $9.49 billion, and achieved an earnings per share (EPS) of $1.66.
• The company announced a quarterly dividend of $0.36 per share, which will be paid to shareholders of record, yielding an annualized rate of 0.5%.

Realta Investment Advisors purchased a new stake in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,900 shares of the company's stock, valued at approximately $489,000.

Other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management boosted its stake in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $33,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

GE Aerospace stock opened at $297.40 on Friday. 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 52 week low of $159.36 and a 52 week high of $307.25. The stock has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The stock has a fifty day moving average of $280.65 and a 200-day moving average of $244.21.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. GE Aerospace's revenue 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, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research report on Saturday, September 27th. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently 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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