913 Shares in GE Aerospace $GE Bought by Investment Advisory Group LLC

Investment Advisory Group LLC bought a new position in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 913 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC boosted its stake in GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after purchasing an additional 39 shares during the last quarter. Webster Bank N. A. increased its holdings in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after purchasing an additional 41 shares during the last quarter. Pacific Sage Partners LLC increased its holdings in shares of GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after purchasing an additional 41 shares during the last quarter. Ascent Capital Management LLC increased its holdings in shares of GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after purchasing an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its holdings in shares of GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock valued at $810,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 2.5%

NYSE GE opened at $291.96 on Friday. The firm’s 50-day moving average is $283.44 and its two-hundred day moving average is $247.38. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $309.61 billion, a P/E ratio of 40.72, a PEG ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace’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. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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 $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 20.08%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GE. Jefferies Financial Group boosted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.31.

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.