Jacobsen Capital Management Purchases 250 Shares of GE Aerospace $GE

Jacobsen Capital Management lifted its position in shares of GE Aerospace (NYSE:GE) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,263 shares of the company’s stock after buying an additional 250 shares during the period. Jacobsen Capital Management’s holdings in GE Aerospace were worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in GE Aerospace during the second quarter valued at approximately $1,286,000. D.A. Davidson & CO. lifted its holdings in shares of GE Aerospace by 8.1% in the 2nd quarter. D.A. Davidson & CO. now owns 39,017 shares of the company’s stock worth $10,043,000 after acquiring an additional 2,907 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of GE Aerospace by 3.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 96,516 shares of the company’s stock valued at $24,842,000 after purchasing an additional 2,865 shares in the last quarter. Dupree Financial Group LLC boosted its stake in shares of GE Aerospace by 2.4% in the 2nd quarter. Dupree Financial Group LLC now owns 1,928 shares of the company’s stock valued at $496,000 after purchasing an additional 45 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Wolfe Research boosted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $281.27.

GE Aerospace Stock Performance

NYSE:GE opened at $306.47 on Wednesday. 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 firm’s fifty day simple moving average is $287.16 and its 200 day simple moving average is $252.55. The stock has a market cap of $324.99 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 3.26 and a beta of 1.49. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.53.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

About GE Aerospace

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.