Strata Wealth Advisors LLC 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 & Exchange Commission. The fund bought 939 shares of the company's stock, valued at approximately $242,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC grew its stake in GE Aerospace by 18.5% during the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company's stock worth $5,066,000 after purchasing an additional 3,946 shares in the last quarter. Continuum Advisory LLC grew its stake in GE Aerospace by 22.4% during the 1st quarter. Continuum Advisory LLC now owns 1,297 shares of the company's stock worth $260,000 after purchasing an additional 237 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in GE Aerospace by 186.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,044 shares of the company's stock worth $3,011,000 after purchasing an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Zacks Research cut GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. The Goldman Sachs Group upped their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. 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. Finally, Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $284.27.
Read Our Latest Stock Report on GE
GE Aerospace Price Performance
Shares of GE Aerospace stock traded up $6.37 during trading on Thursday, reaching $304.26. The company's stock had a trading volume of 232,497 shares, compared to its average volume of 5,566,792. The business has a 50 day moving average price of $287.74 and a 200-day moving average price of $252.86. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. The company has a market capitalization of $322.65 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.
GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 33.81% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. GE Aerospace's quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side 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 will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 19.23%.
GE Aerospace Company Profile
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Free Report)
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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