959 Shares in GE Aerospace $GE Acquired by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC acquired a new position in GE Aerospace (NYSE:GE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 959 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter valued at approximately $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the first quarter valued at approximately $30,000. First Pacific Financial lifted its holdings in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. The Goldman Sachs Group lifted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $267.13.

GE Aerospace Trading Up 0.3%

GE Aerospace stock opened at $300.60 on Friday. The stock has a market cap of $318.77 billion, a P/E ratio of 41.92, a PEG ratio of 3.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The firm’s 50 day moving average price is $286.07 and its 200-day moving average price is $250.77.

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, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. GE Aerospace’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is currently 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.