Washington Growth Strategies LLC Purchases Shares of 1,191 GE Aerospace $GE

Washington Growth Strategies LLC purchased a new stake in GE Aerospace (NYSE:GE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,191 shares of the company’s stock, valued at approximately $307,000.

A number of other large investors also recently bought and sold shares of the stock. Stock Yards Bank & Trust Co. lifted its holdings in GE Aerospace by 3.5% in the second quarter. Stock Yards Bank & Trust Co. now owns 12,037 shares of the company’s stock valued at $3,098,000 after acquiring an additional 412 shares during the period. Montz Harcus Wealth Management LLC acquired a new position in GE Aerospace in the second quarter valued at approximately $215,000. Consilium Wealth Advisory LLC lifted its holdings in GE Aerospace by 4.2% in the second quarter. Consilium Wealth Advisory LLC now owns 11,500 shares of the company’s stock valued at $2,960,000 after acquiring an additional 467 shares during the period. Clarity Capital Partners LLC lifted its holdings in GE Aerospace by 3.2% in the second quarter. Clarity Capital Partners LLC now owns 1,773 shares of the company’s stock valued at $456,000 after acquiring an additional 55 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in GE Aerospace by 5.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,151 shares of the company’s stock valued at $3,900,000 after acquiring an additional 751 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $297.40 on Friday. 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 one year low of $159.36 and a one year high of $307.25. The stock has a market capitalization of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49. The stock has a 50 day moving average price of $280.65 and a 200 day moving average price of $243.95.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 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 firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Saturday, September 27th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price 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.