Taylor & Morgan Wealth Management LLC Takes Position in GE Aerospace $GE

Key Points

• Taylor & Morgan Wealth Management LLC acquired a new stake in GE Aerospace, purchasing 948 shares valued at approximately $244,000 during the second quarter.
• GE Aerospace has seen a significant increase in analyst ratings, with Barclays raising their price objective from $230 to $295, and others including Citigroup and Royal Bank of Canada also increasing their targets.
• The company reported a 21.2% increase in revenue compared to the same quarter last year, achieving $10.15 billion, alongside an earnings per share of $1.66 that beat analysts' expectations.

Taylor & Morgan Wealth Management LLC purchased a new stake in GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 948 shares of the company's stock, valued at approximately $244,000.

Other institutional investors also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter valued at approximately $28,000. Copia Wealth Management boosted its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter valued at about $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of NYSE GE traded up $0.11 during mid-day trading on Friday, hitting $281.67. 3,249,603 shares of the stock traded hands, compared to its average volume of 3,743,986. The firm has a 50 day simple moving average of $269.33 and a two-hundred day simple moving average of $233.93. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91. 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 company has a market cap of $298.69 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. GE Aerospace's 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. As a group, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent research reports. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $232.92.

About GE Aerospace

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.