Vigilare Wealth Management Acquires New Holdings in GE Aerospace $GE

Key Points

• Vigilare Wealth Management has acquired a new stake in GE Aerospace, purchasing 2,435 shares valued at approximately $627,000 during the second quarter.
• Several analysts have revised their price targets for GE Aerospace, with Barclays increasing it from $230 to $295, while others have downgraded ratings from "buy" to "hold."
• GE Aerospace recently declared a quarterly dividend of $0.36 per share, reflecting an annualized payout of $1.44 and a dividend yield of 0.5%.

Vigilare Wealth Management acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,435 shares of the company's stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GE. Smartleaf Asset Management LLC raised its position in GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new stake in GE Aerospace in the first quarter worth about $203,000. Sendero Wealth Management LLC raised its position in GE Aerospace by 526.6% in the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after acquiring an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC increased its stake in GE Aerospace by 186.7% in the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after purchasing an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on GE shares. Barclays lifted 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. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Zacks Research cut GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Citigroup reissued a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Up 2.6%

GE opened at $301.18 on Wednesday. The business has a 50 day moving average price of $278.71 and a 200 day moving average price of $242.20. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. 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 firm has a market cap of $319.38 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 3.16 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company earned $1.20 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date 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 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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