Strategies Wealth Advisors LLC Makes New Investment in GE Aerospace $GE

Strategies Wealth Advisors LLC bought a new stake in shares of GE Aerospace (NYSE:GE) in the 1st quarter, Holdings Channel reports. The firm bought 1,264 shares of the company’s stock, valued at approximately $253,000.

Several other large investors have also recently made changes to their positions in GE. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at $28,000. Copia Wealth Management grew its position in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after acquiring an additional 142 shares during the period. First Pacific Financial grew its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GE shares. UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, Citigroup restated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Trading Down 0.7%

Shares of GE Aerospace stock opened at $266.7680 on Friday. 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 firm has a fifty day moving average price of $259.88 and a 200 day moving average price of $226.39. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The stock has a market cap of $282.89 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 2.89 and a beta of 1.44.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend 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.