Sax Wealth Advisors LLC Purchases 1,190 Shares of GE Aerospace $GE

Key Points

• Sax Wealth Advisors LLC increased its stake in GE Aerospace by 19.2% during the first quarter, now holding shares worth approximately $1.48 million.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding the consensus estimate of $1.43, with revenues reaching $10.15 billion, up 21.2% year-over-year.
• The company recently announced a quarterly dividend of $0.36 per share, contributing to an annualized dividend of $1.44 and a yield of 0.5%.

Sax Wealth Advisors LLC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,384 shares of the company's stock after purchasing an additional 1,190 shares during the period. Sax Wealth Advisors LLC's holdings in GE Aerospace were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in GE Aerospace in the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management boosted its holdings in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. First Pacific Financial boosted its holdings in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in GE Aerospace in the first quarter valued at approximately $33,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Up 0.1%

GE traded up $0.20 during trading on Monday, hitting $266.73. The company's stock had a trading volume of 4,300,391 shares, compared to its average volume of 5,992,907. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $259.88 and its 200-day moving average price is $226.68. The firm has a market capitalization of $282.85 billion, a P/E ratio of 37.20, a PEG ratio of 2.87 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The company's revenue 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. Analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors 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%. GE Aerospace's dividend payout ratio is currently 20.08%.

Analysts Set New Price Targets

Several analysts recently commented on GE shares. Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 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 Friday, July 18th. UBS Group upped 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. Barclays upped 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. Finally, Citigroup reissued a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note 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 company. According to MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

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.