Strategic Advocates LLC Increases Stock Holdings in GE Aerospace $GE

Key Points

• Strategic Advocates LLC increased its stake in GE Aerospace by 7.8% during the second quarter, now holding 12,973 shares valued at approximately $3.34 million, which represents 1.0% of its investment portfolio.
• GE Aerospace reported earnings of $1.66 per share for the latest quarter, surpassing estimates and achieving revenue of $10.15 billion, a 21.2% increase from the previous year.
• The company also announced a quarterly dividend of $0.36, reflecting an annualized dividend yield of 0.5%, and maintained a dividend payout ratio of 20.08%.

Strategic Advocates LLC lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,973 shares of the company's stock after acquiring an additional 939 shares during the period. GE Aerospace accounts for approximately 1.0% of Strategic Advocates LLC's portfolio, making the stock its 19th biggest position. Strategic Advocates LLC's holdings in GE Aerospace were worth $3,339,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GE. Putney Financial Group LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $28,000. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised 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 buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at about $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on GE shares. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Ten equities research 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 presently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Price Performance

NYSE:GE traded up $6.23 during trading hours on Tuesday, hitting $293.01. The company's stock had a trading volume of 5,535,685 shares, compared to its average volume of 3,794,962. The business's 50-day moving average is $271.00 and its two-hundred day moving average is $235.11. The company has a market capitalization of $310.72 billion, a PE ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48. 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 $294.74.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

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.