Acorns Advisers LLC Buys 106 Shares of GE Aerospace $GE

Acorns Advisers LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 5.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,201 shares of the company’s stock after acquiring an additional 106 shares during the quarter. Acorns Advisers LLC’s holdings in GE Aerospace were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of GE Aerospace by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock valued at $18,115,065,000 after acquiring an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Invesco Ltd. raised its holdings in shares of GE Aerospace by 0.6% during the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after buying an additional 54,765 shares in the last quarter. GQG Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of GE Aerospace by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock worth $1,536,387,000 after buying an additional 491,207 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GE. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Price Performance

Shares of GE opened at $276.36 on Wednesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $284.41. The business has a 50-day simple moving average of $267.16 and a two-hundred day simple moving average of $232.21. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $293.06 billion, a PE ratio of 38.54, a PEG ratio of 2.97 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly 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 return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The business’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 20.08%.

GE Aerospace 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.