Roundview Capital LLC Raises Stake in GE Aerospace $GE

Roundview Capital LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 4.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,254 shares of the company’s stock after purchasing an additional 184 shares during the period. Roundview Capital LLC’s holdings in GE Aerospace were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GE. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of GE Aerospace by 6.2% in the 1st quarter. UMB Bank n.a. now owns 9,305 shares of the company’s stock valued at $1,862,000 after acquiring an additional 545 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of GE Aerospace by 1.9% in the 1st quarter. First Citizens Bank & Trust Co. now owns 12,303 shares of the company’s stock valued at $2,462,000 after acquiring an additional 232 shares in the last quarter. Finally, Courier Capital LLC raised its holdings in shares of GE Aerospace by 5.4% in the 1st quarter. Courier Capital LLC now owns 7,329 shares of the company’s stock valued at $1,467,000 after acquiring an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $302.12 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $320.37 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. The business’s 50-day moving average price is $281.84 and its 200-day moving average price is $245.55. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

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

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders 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 dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group raised 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. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Jefferies Financial Group raised their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company raised their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $241.92.

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.