Hengehold Capital Management LLC Raises Holdings in GE Aerospace $GE

Hengehold Capital Management LLC increased its holdings in GE Aerospace (NYSE:GE) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,555 shares of the company’s stock after acquiring an additional 53 shares during the period. Hengehold Capital Management LLC’s holdings in GE Aerospace were worth $1,172,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Consolidated Capital Management LLC lifted its holdings in GE Aerospace by 8.3% during the 2nd quarter. Consolidated Capital Management LLC now owns 37,267 shares of the company’s stock worth $9,592,000 after buying an additional 2,841 shares during the last quarter. SFM LLC purchased a new stake in GE Aerospace during the 2nd quarter valued at approximately $284,000. KG&L Capital Management LLC purchased a new stake in GE Aerospace during the 2nd quarter valued at approximately $362,000. Western Financial Corp CA lifted its holdings in shares of GE Aerospace by 26.3% in the 2nd quarter. Western Financial Corp CA now owns 18,482 shares of the company’s stock valued at $4,757,000 after buying an additional 3,847 shares during the period. Finally, LVW Advisors LLC lifted its holdings in shares of GE Aerospace by 33.4% in the 2nd quarter. LVW Advisors LLC now owns 2,314 shares of the company’s stock valued at $596,000 after buying an additional 580 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup reiterated a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. UBS Group raised their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Stock Down 0.7%

Shares of GE Aerospace stock opened at $294.97 on Friday. The business has a 50-day moving average of $277.26 and a 200-day moving average of $240.78. 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 company has a market capitalization of $312.80 billion, a PE ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25.

GE Aerospace (NYSE:GE) last announced its earnings results 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. 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.