GE Aerospace $GE Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its stake in GE Aerospace (NYSE:GE) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,009 shares of the company’s stock after purchasing an additional 245 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in GE Aerospace were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of GE Aerospace by 16.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,204 shares of the company’s stock valued at $2,643,000 after purchasing an additional 1,912 shares during the period. Triangle Securities Wealth Management increased its holdings in shares of GE Aerospace by 3.6% during the first quarter. Triangle Securities Wealth Management now owns 2,702 shares of the company’s stock valued at $541,000 after purchasing an additional 93 shares during the period. Finally, Apella Capital LLC increased its holdings in shares of GE Aerospace by 34.0% during the first quarter. Apella Capital LLC now owns 4,290 shares of the company’s stock valued at $803,000 after purchasing an additional 1,088 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.4%

Shares of GE stock opened at $299.54 on Friday. The stock has a 50-day simple moving average of $280.12 and a 200 day simple moving average of $243.28. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The stock has a market capitalization of $317.64 billion, a P/E ratio of 41.78, a P/E/G ratio of 3.24 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s quarterly 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. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date is 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 (DPR) is 20.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

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.