CWC Advisors LLC. Buys 306 Shares of GE Aerospace $GE

CWC Advisors LLC. lifted its stake in GE Aerospace (NYSE:GE) by 2.8% in the second quarter, HoldingsChannel.com reports. The firm owned 11,173 shares of the company’s stock after purchasing an additional 306 shares during the quarter. GE Aerospace comprises 1.5% of CWC Advisors LLC.’s investment portfolio, making the stock its 23rd largest position. CWC Advisors LLC.’s holdings in GE Aerospace were worth $2,876,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Voisard Asset Management Group Inc. boosted its position in GE Aerospace by 178.0% in the 2nd quarter. Voisard Asset Management Group Inc. now owns 6,238 shares of the company’s stock valued at $1,605,000 after buying an additional 3,994 shares during the last quarter. Carderock Capital Management Inc. bought a new stake in shares of GE Aerospace during the second quarter worth $77,000. Worth Asset Management LLC lifted its stake in shares of GE Aerospace by 192.1% during the second quarter. Worth Asset Management LLC now owns 7,016 shares of the company’s stock valued at $1,806,000 after acquiring an additional 4,614 shares during the period. Moody National Bank Trust Division lifted its stake in shares of GE Aerospace by 2.3% during the second quarter. Moody National Bank Trust Division now owns 12,889 shares of the company’s stock valued at $3,318,000 after acquiring an additional 294 shares during the period. Finally, Global Financial Private Client LLC boosted its holdings in GE Aerospace by 10.9% in the second quarter. Global Financial Private Client LLC now owns 2,535 shares of the company’s stock valued at $652,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $297.27 on Friday. The firm’s 50 day simple moving average is $272.70 and its 200 day simple moving average is $236.15. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $297.65. The company has a market capitalization of $315.23 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 3.11 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be 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 of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup restated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $232.92.

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.