Prime Capital Investment Advisors LLC Acquires 443 Shares of GE Aerospace $GE

Prime Capital Investment Advisors LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 41,355 shares of the company’s stock after purchasing an additional 443 shares during the period. Prime Capital Investment Advisors LLC’s holdings in GE Aerospace were worth $10,644,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GE. Brighton Jones LLC lifted its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position 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 in the last quarter. Procyon Advisors LLC lifted its position in shares of GE Aerospace by 32.9% during the first quarter. Procyon Advisors LLC now owns 2,992 shares of the company’s stock valued at $599,000 after purchasing an additional 741 shares in the last quarter. Impact Capital Partners LLC boosted its holdings in GE Aerospace by 39.1% during the first quarter. Impact Capital Partners LLC now owns 2,741 shares of the company’s stock worth $549,000 after purchasing an additional 771 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its position in GE Aerospace by 68.2% in the 1st quarter. Sivia Capital Partners LLC now owns 4,146 shares of the company’s stock worth $830,000 after purchasing an additional 1,681 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $241.92.

GE Aerospace Stock Performance

NYSE GE opened at $297.40 on Monday. The firm has a market cap of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.20 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. The company’s 50 day moving average is $280.65 and its 200-day moving average is $244.50. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25.

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

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis 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.