GE Aerospace $GE Shares Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC grew its position in GE Aerospace (NYSE:GE) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,619 shares of the company’s stock after acquiring an additional 343 shares during the quarter. Trivium Point Advisory LLC’s holdings in GE Aerospace were worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $28,000. Copia Wealth Management increased its holdings in shares of GE Aerospace by 14,200.0% in 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 last quarter. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, First Pacific Financial increased its holdings in shares of 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 acquiring an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group upped their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Trading Up 2.6%

NYSE:GE opened at $301.18 on Wednesday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market cap of $319.38 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 3.16 and a beta of 1.48. The business has a fifty day moving average of $278.71 and a 200-day moving average of $242.20. 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 (NYSE:GE) last released its quarterly 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. 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 analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

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.