GE Aerospace $GE Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its stake in GE Aerospace (NYSE:GE) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,161 shares of the company’s stock after buying an additional 1,577 shares during the quarter. Linscomb Wealth Inc.’s holdings in GE Aerospace were worth $3,645,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GE. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% during the fourth 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 position in shares of GE Aerospace by 7.1% during the fourth 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. Golden State Wealth Management LLC lifted its position in shares of GE Aerospace by 25.7% during the first quarter. Golden State Wealth Management LLC now owns 1,895 shares of the company’s stock worth $379,000 after purchasing an additional 388 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $230,000. Finally, Vontobel Holding Ltd. lifted its position in shares of GE Aerospace by 36.1% during the first quarter. Vontobel Holding Ltd. now owns 30,028 shares of the company’s stock worth $6,010,000 after purchasing an additional 7,960 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE opened at $310.64 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company’s 50 day simple moving average is $292.75 and its 200-day simple moving average is $258.88. The firm has a market cap of $327.67 billion, a PE ratio of 41.47, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Analysts Set New Price Targets

Several analysts have recently issued reports on GE shares. Bank of America increased their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

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.