WBI Investments LLC Takes $1.66 Million Position in GE Aerospace $GE

Key Points

• WBI Investments LLC has made a significant investment in GE Aerospace, purchasing 8,276 shares valued at approximately $1.66 million in the first quarter.
• GE Aerospace reported $1.66 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.43, with a revenue of $10.15 billion, up 21.2% year-over-year.
• The company recently announced a quarterly dividend of $0.36 per share, representing an annualized yield of 0.5% and a payout ratio of 20.08%.

WBI Investments LLC purchased a new stake in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,276 shares of the company's stock, valued at approximately $1,656,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in GE Aerospace by 8.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,749 shares of the company's stock valued at $1,751,000 after purchasing an additional 671 shares during the last quarter. Acorns Advisers LLC raised its position in GE Aerospace by 5.1% in the 1st quarter. Acorns Advisers LLC now owns 2,201 shares of the company's stock valued at $441,000 after purchasing an additional 106 shares during the last quarter. Focus Partners Wealth raised its position in GE Aerospace by 20.7% in the 1st quarter. Focus Partners Wealth now owns 152,957 shares of the company's stock valued at $30,615,000 after purchasing an additional 26,261 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in GE Aerospace in the 1st quarter valued at $67,000. Finally, Integrity Alliance LLC. purchased a new stake in GE Aerospace in the 1st quarter valued at $649,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $0.11 on Friday, reaching $281.67. 3,249,603 shares of the company were exchanged, compared to its average volume of 3,841,655. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $286.91. The firm has a market cap of $298.69 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The company has a 50-day moving average of $269.33 and a 200-day moving average of $233.93.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share 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 business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The business'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. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Upgrades and Downgrades

Several analysts recently commented on GE shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citigroup restated a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.