Vantage Financial Partners LLC Buys New Position in GE Aerospace (NYSE:GE)

Key Points

• Vantage Financial Partners LLC has acquired a new stake of 1,084 shares in GE Aerospace, valued at approximately $217,000, indicating growing institutional interest in the company.
• GE Aerospace reported $1.66 earnings per share for the most recent quarter, beating expectations, with revenue of $10.15 billion, showcasing a 21.2% year-over-year increase.
• The company's recently declared quarterly dividend was $0.36 per share, reflecting an annualized yield of 0.53% and a payout ratio of 20.08%.

Vantage Financial Partners LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,084 shares of the company's stock, valued at approximately $217,000.

Other institutional investors have also modified their holdings of the company. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $203,000. Sendero Wealth Management LLC boosted its stake in shares of GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after buying an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after buying an additional 8,245 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after buying an additional 29,844 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its stake in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after buying an additional 9,580 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. 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. Finally, Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE stock traded down $3.08 on Friday, hitting $268.01. 2,360,999 shares of the stock traded hands, compared to its average volume of 6,185,051. 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 capitalization of $284.20 billion, a PE ratio of 37.39, a PEG ratio of 2.94 and a beta of 1.37. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $274.94. The company's fifty day moving average is $251.39 and its 200 day moving average is $217.73.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. 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 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.