GE Aerospace $GE Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its stake in GE Aerospace (NYSE:GE) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,135 shares of the company’s stock after purchasing an additional 515 shares during the period. Pure Financial Advisors LLC’s holdings in GE Aerospace were worth $1,064,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in shares of GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new stake in shares of GE Aerospace during the first quarter valued at about $203,000. Concurrent Investment Advisors LLC grew its stake in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock valued at $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Global Assets Advisory LLC grew its stake in shares of GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock valued at $2,751,000 after acquiring an additional 9,580 shares in the last quarter. Finally, Leisure Capital Management acquired a new stake in shares of GE Aerospace during the first quarter valued at about $222,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GE. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Stock Performance

GE opened at $299.54 on Friday. The business’s 50 day moving average is $280.12 and its 200-day moving average is $243.28. The stock has a market cap of $317.64 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is presently 20.08%.

About GE Aerospace

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.