Avantra Family Wealth Inc. boosted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871 shares of the company’s stock after buying an additional 57 shares during the period. Avantra Family Wealth Inc.’s holdings in GE Aerospace were worth $739,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. RMG Wealth Management LLC acquired a new stake in GE Aerospace during the second quarter worth $109,000. Ameliora Wealth Management Ltd. boosted its stake in GE Aerospace by 65.9% during the second quarter. Ameliora Wealth Management Ltd. now owns 2,592 shares of the company’s stock worth $667,000 after buying an additional 1,030 shares in the last quarter. Spear Holdings RSC Ltd acquired a new stake in GE Aerospace during the second quarter worth $42,804,000. SeaTown Holdings Pte. Ltd. boosted its stake in GE Aerospace by 34.3% during the second quarter. SeaTown Holdings Pte. Ltd. now owns 35,208 shares of the company’s stock worth $9,062,000 after buying an additional 9,000 shares in the last quarter. Finally, Tcfg Wealth Management LLC boosted its stake in GE Aerospace by 32.5% during the second quarter. Tcfg Wealth Management LLC now owns 1,582 shares of the company’s stock worth $407,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GE. Jefferies Financial Group lifted their price target on shares of 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. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Twelve investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.92.
GE Aerospace Stock Up 0.4%
Shares of NYSE GE opened at $298.16 on Tuesday. The firm’s 50-day simple moving average is $281.20 and its 200 day simple moving average is $245.15. The company has a market cap of $316.18 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. 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 has a 12-month low of $159.36 and a 12-month high of $307.25.
GE Aerospace (NYSE:GE – Get Free Report) last issued 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. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.
GE Aerospace Dividend Announcement
The business 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. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.
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.
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