Triad Wealth Partners LLC Invests $254,000 in GE Aerospace $GE

Key Points

• Triad Wealth Partners LLC invested approximately $254,000 in GE Aerospace during the second quarter, acquiring 985 shares of the company's stock.
• Analysts have raised their target prices for GE Aerospace, with Barclays increasing it from $230 to $295 and Jefferies lifting it from $320 to $350.
• GE Aerospace reported strong quarterly earnings, with an EPS of $1.66, beating estimates and indicating a 21.2% revenue increase compared to the previous year.

Triad Wealth Partners LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 985 shares of the company's stock, valued at approximately $254,000.

A number of other large investors have also added to or reduced their stakes in GE. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management lifted its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. Finally, First Pacific Financial raised its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. UBS Group lifted 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. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Zacks Research downgraded shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Stock Down 0.7%

GE stock opened at $297.40 on Friday. The company has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The business's 50-day moving average is $280.65 and its two-hundred day moving average is $243.95. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is presently 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.

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