Tiff Advisory Services LLC Purchases 214 Shares of GE Aerospace $GE

Tiff Advisory Services LLC grew its holdings in GE Aerospace (NYSE:GE) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,947 shares of the company’s stock after purchasing an additional 214 shares during the quarter. GE Aerospace comprises 0.9% of Tiff Advisory Services LLC’s portfolio, making the stock its 12th biggest holding. Tiff Advisory Services LLC’s holdings in GE Aerospace were worth $3,590,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capstone Financial Advisors Inc. grew its holdings in GE Aerospace by 70.7% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,420 shares of the company’s stock valued at $880,000 after buying an additional 1,416 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of GE Aerospace by 0.7% during the second quarter. Advisors Capital Management LLC now owns 30,726 shares of the company’s stock worth $7,909,000 after buying an additional 205 shares during the last quarter. Ignite Planners LLC boosted its position in shares of GE Aerospace by 12.6% in the second quarter. Ignite Planners LLC now owns 4,160 shares of the company’s stock valued at $1,095,000 after acquiring an additional 464 shares during the period. Davies Financial Advisors Inc. acquired a new stake in shares of GE Aerospace in the second quarter worth $204,000. Finally, Nixon Peabody Trust Co. grew its stake in shares of GE Aerospace by 9.1% in the second quarter. Nixon Peabody Trust Co. now owns 3,084 shares of the company’s stock worth $794,000 after acquiring an additional 257 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $304.15 on Friday. The firm has a market capitalization of $320.82 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The firm has a 50-day moving average price of $299.42 and a 200 day moving average price of $267.21.

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

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on GE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group boosted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada upped their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Bank of America lifted their price objective on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $301.27.

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.