Opal Wealth Advisors LLC Reduces Stock Position in GE Aerospace $GE

Opal Wealth Advisors LLC lessened its holdings in GE Aerospace (NYSE:GE) by 26.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,212 shares of the company’s stock after selling 433 shares during the quarter. Opal Wealth Advisors LLC’s holdings in GE Aerospace were worth $312,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GE. Webster Bank N. A. boosted its stake in GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after acquiring an additional 41 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in GE Aerospace by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock worth $810,000 after purchasing an additional 43 shares in the last quarter. Truvestments Capital LLC raised its holdings in GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock worth $56,000 after purchasing an additional 46 shares in the last quarter. First National Bank Sioux Falls raised its holdings in GE Aerospace by 2.8% during the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company’s stock worth $428,000 after purchasing an additional 46 shares in the last quarter. Finally, Sfmg LLC raised its holdings in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company’s stock worth $418,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup reissued a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Stock Down 0.1%

GE stock opened at $300.91 on Tuesday. The stock has a market capitalization of $319.09 billion, a P/E ratio of 41.97, a PEG ratio of 3.24 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $159.36 and a one year high of $303.03. The company has a 50 day moving average price of $274.39 and a two-hundred day moving average price of $238.13.

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

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. 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 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.