Mustard Seed Financial LLC Acquires Shares of 789 GE Aerospace $GE

Mustard Seed Financial LLC acquired a new stake in shares of GE Aerospace (NYSE:GE) during the second quarter, HoldingsChannel.com reports. The firm acquired 789 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management raised its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the first quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the first quarter worth approximately $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 0.7%

GE opened at $294.97 on Friday. The stock’s fifty day moving average is $277.26 and its two-hundred day moving average is $240.78. The company has a market capitalization of $312.80 billion, a P/E ratio of 41.14, a PEG ratio of 3.17 and a beta of 1.48. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given 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 dividend payout ratio (DPR) is 20.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.92.

About GE Aerospace

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.