Sharp Financial Services LLC Trims Stock Holdings in GE Aerospace $GE

Sharp Financial Services LLC reduced its stake in GE Aerospace (NYSE:GE) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,305 shares of the company’s stock after selling 108 shares during the quarter. Sharp Financial Services LLC’s holdings in GE Aerospace were worth $336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace in the first quarter valued at $33,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $291.96 on Monday. The firm has a market capitalization of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. 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 business has a 50-day moving average of $283.44 and a two-hundred day moving average of $247.67. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm earned $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. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GE shares. Wolfe Research upped their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research note on Wednesday. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $264.50.

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.