Advisors Capital Management LLC Acquires 10,145 Shares of GE Aerospace $GE

Advisors Capital Management LLC boosted its holdings in GE Aerospace (NYSE:GE) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,521 shares of the company’s stock after buying an additional 10,145 shares during the quarter. Advisors Capital Management LLC’s holdings in GE Aerospace were worth $6,109,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Truvestments Capital LLC raised its holdings in GE Aerospace by 19.5% in the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Sfmg LLC raised its holdings in GE Aerospace by 2.4% in the 1st quarter. Sfmg LLC now owns 2,088 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the last quarter. SGL Investment Advisors Inc. raised its holdings in GE Aerospace by 3.6% in the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company’s stock valued at $303,000 after buying an additional 49 shares during the last quarter. Hudock Inc. raised its holdings in GE Aerospace by 1.8% in the 1st quarter. Hudock Inc. now owns 2,905 shares of the company’s stock valued at $582,000 after buying an additional 50 shares during the last quarter. Finally, First Pacific Financial raised its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Citigroup restated a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.92.

GE Aerospace Stock Down 0.6%

GE Aerospace stock opened at $281.75 on Friday. The firm has a 50 day moving average price of $268.63 and a two-hundred day moving average price of $233.13. The firm has a market cap of $298.78 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 3.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $286.91.

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

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 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.