Strategies Wealth Advisors LLC Makes New $253,000 Investment in GE Aerospace $GE

Key Points

• Strategies Wealth Advisors LLC invested approximately $253,000 in GE Aerospace by acquiring 1,264 shares during the first quarter.
• GE Aerospace reported a significant earnings per share (EPS) of $1.66 for the quarter, which exceeded analysts' estimates of $1.43, along with quarterly revenue of $10.15 billion.
• The company recently declared a quarterly dividend of $0.36 per share, with an annualized yield of 0.5% and a payout ratio of 20.08%.

Strategies Wealth Advisors LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,264 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares during the period. Dark Forest Capital Management LP raised its stake in GE Aerospace by 7.6% during the 4th quarter. Dark Forest Capital Management LP now owns 4,841 shares of the company's stock worth $807,000 after buying an additional 340 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in GE Aerospace during the 4th quarter worth approximately $15,961,000. Finally, Coppell Advisory Solutions LLC raised its stake in GE Aerospace by 49.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 312 shares of the company's stock worth $52,000 after buying an additional 103 shares during the period. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 0.7%

NYSE GE opened at $266.7680 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $282.89 billion, a PE ratio of 37.21, a PEG ratio of 2.89 and a beta of 1.44. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The business's 50-day moving average is $259.88 and its 200 day moving average is $226.39.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results 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 company had revenue of $10.15 billion for 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 quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent research reports. UBS Group boosted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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