GE Aerospace $GE Shares Acquired by Alpha Financial Partners LLC

Alpha Financial Partners LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 10.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,169 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Alpha Financial Partners LLC’s holdings in GE Aerospace were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management boosted its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GE. Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Citigroup reiterated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $251.31.

GE Aerospace Trading Down 2.5%

GE opened at $291.96 on Friday. The stock has a market capitalization of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The business’s 50 day moving average price is $283.44 and its 200 day moving average price is $247.38.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) 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 analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. 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.