AlphaStar Capital Management LLC Acquires New Shares in GE Aerospace $GE

AlphaStar Capital Management LLC acquired a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,822 shares of the company’s stock, valued at approximately $984,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Linscomb Wealth Inc. lifted its stake in shares of GE Aerospace by 12.5% in the 2nd quarter. Linscomb Wealth Inc. now owns 14,161 shares of the company’s stock valued at $3,645,000 after purchasing an additional 1,577 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of GE Aerospace by 3.8% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,519 shares of the company’s stock valued at $391,000 after purchasing an additional 55 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of GE Aerospace by 0.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,892 shares of the company’s stock valued at $4,863,000 after purchasing an additional 177 shares during the last quarter. AMG National Trust Bank lifted its stake in shares of GE Aerospace by 7.3% in the 2nd quarter. AMG National Trust Bank now owns 7,924 shares of the company’s stock valued at $2,040,000 after purchasing an additional 537 shares during the last quarter. Finally, Earned Wealth Advisors LLC lifted its stake in shares of GE Aerospace by 2.3% in the 2nd quarter. Earned Wealth Advisors LLC now owns 4,360 shares of the company’s stock valued at $1,122,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on GE shares. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Down 0.5%

Shares of GE opened at $309.09 on Friday. The company has a 50-day simple moving average of $293.60 and a 200-day simple moving average of $259.74. The firm has a market capitalization of $326.03 billion, a P/E ratio of 41.27, a P/E/G ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during 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%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was 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 is currently 19.23%.

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.