USAdvisors Wealth Management LLC Acquires New Shares in GE Aerospace $GE

USAdvisors Wealth Management LLC acquired a new stake in GE Aerospace (NYSE:GE) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 811 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in GE Aerospace in the 1st quarter valued at approximately $28,000. Copia Wealth Management raised its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the 1st quarter valued at $33,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Down 0.7%

Shares of GE stock opened at $297.40 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market capitalization of $315.38 billion, a PE ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. The stock has a fifty day simple moving average of $280.65 and a two-hundred day simple moving average of $244.21.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 EPS. GE Aerospace’s revenue for the quarter was up 21.2% compared to the same quarter last year. 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 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GE shares. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. Citigroup reiterated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Company 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.