Yeomans Consulting Group Inc. Buys Shares of 1,967 GE Aerospace $GE

Key Points

• Yeomans Consulting Group Inc. acquired 1,967 shares of GE Aerospace valued at approximately $490,000 during the second quarter.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding estimates, with a revenue of $10.15 billion, marking a 21.2% year-over-year increase.
• The company recently announced a quarterly dividend of $0.36 per share, with a dividend yield of 0.5%, set to pay on October 27th.

Yeomans Consulting Group Inc. purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,967 shares of the company's stock, valued at approximately $490,000.

Several other hedge funds have also recently made changes to their positions in the stock. Old North State Wealth Management LLC boosted its stake in shares of GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after buying an additional 39 shares during the last quarter. Webster Bank N. A. lifted its holdings in GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after acquiring an additional 41 shares during the period. Pacific Sage Partners LLC boosted its position in GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after purchasing an additional 41 shares during the last quarter. Ascent Capital Management LLC boosted its position in GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock worth $585,000 after purchasing an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its stake in shares of GE Aerospace by 1.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after purchasing an additional 43 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

GE opened at $299.54 on Friday. The firm has a market cap of $317.64 billion, a P/E ratio of 41.78, a PEG ratio of 3.24 and a beta of 1.49. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a 50 day simple moving average of $280.12 and a two-hundred day simple moving average of $243.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. 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 Dividend Announcement

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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GE shares. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Zacks Research cut shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace 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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