RTD Financial Advisors Inc. Acquires Shares of 1,002 GE Aerospace $GE

Key Points

• RTD Financial Advisors Inc. has acquired 1,002 shares of GE Aerospace, valued at approximately $258,000.
• GE Aerospace reported $10.15 billion in revenue for the last quarter, surpassing analysts' expectations, and earnings per share (EPS) were reported at $1.66.
• The company has declared a quarterly dividend of $0.36, representing a 0.5% yield, with the ex-dividend date set for September 29th.

RTD Financial Advisors Inc. bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,002 shares of the company's stock, valued at approximately $258,000.

Several other hedge funds also recently modified their holdings of the business. Putney Financial Group LLC acquired a new position in GE Aerospace in the 4th quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management boosted its holdings 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 GE Aerospace in the 1st quarter valued at $29,000. Finally, Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

NYSE:GE opened at $300.91 on Tuesday. GE Aerospace has a one year low of $159.36 and a one year high of $303.03. The company has a market cap of $319.09 billion, a P/E ratio of 41.97, a P/E/G ratio of 3.24 and a beta of 1.48. The firm's fifty day moving average price is $274.39 and its two-hundred day moving average price is $238.13. 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 released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 firm 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 company earned $1.20 earnings per share. The company's quarterly 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. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays boosted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target 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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