Seamount Financial Group Inc. Purchases New Stake in GE Aerospace $GE

Seamount Financial Group Inc. acquired a new position in GE Aerospace (NYSE:GE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 827 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Brighton Jones LLC increased its stake in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in 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. UMB Bank n.a. grew its holdings in GE Aerospace by 6.2% during the first quarter. UMB Bank n.a. now owns 9,305 shares of the company’s stock valued at $1,862,000 after purchasing an additional 545 shares during the period. Miracle Mile Advisors LLC increased its position in GE Aerospace by 4.5% in the first quarter. Miracle Mile Advisors LLC now owns 9,224 shares of the company’s stock worth $1,846,000 after buying an additional 397 shares during the last quarter. Finally, KMG Fiduciary Partners LLC bought a new stake in shares of GE Aerospace in the first quarter valued at $345,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.4%

Shares of NYSE GE opened at $298.16 on Tuesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The business has a 50-day simple moving average of $281.20 and a two-hundred day simple moving average of $245.15. 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 has a market cap of $316.18 billion, a P/E ratio of 41.58, a P/E/G ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly 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 firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s 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. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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. 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 dividend payout ratio is 20.08%.

Analyst Ratings Changes

A number of research analysts have recently commented on GE shares. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.