1,056 Shares in GE Aerospace $GE Bought by Rollins Financial Advisors LLC

Key Points

• Rollins Financial Advisors LLC purchased 1,056 shares of GE Aerospace, valued at approximately $211,000, signaling continued interest in the aerospace sector.
• Analysts have recently adjusted their price targets for GE Aerospace, with UBS Group raising their target from $300 to $321 and a consensus target price of $232.92 among ten research analysts.
• GE Aerospace reported a quarterly earnings per share of $1.66, surpassing analysts' expectations of $1.43, and had a notable revenue increase of 21.2% year-over-year.

Rollins Financial Advisors LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,056 shares of the company's stock, valued at approximately $211,000.

A number of other large investors have also made changes to their positions in GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter worth about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth about $30,000. O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth about $33,000. Finally, First Pacific Financial raised its holdings in shares of 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 Up 0.0%

GE stock traded up $0.11 during midday trading on Friday, hitting $281.67. 3,249,603 shares of the company's stock were exchanged, compared to its average volume of 3,841,655. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $286.91. The firm has a 50 day moving average price of $269.33 and a 200-day moving average price of $233.93. The stock has a market capitalization of $298.69 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $1.20 EPS. GE Aerospace's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's payout ratio is 20.08%.

Analysts Set New Price Targets

GE has been the topic of several analyst reports. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.