Interchange Capital Partners LLC Has $755,000 Stock Position in GE Aerospace $GE

Interchange Capital Partners LLC boosted its holdings in shares of GE Aerospace (NYSE:GE) by 9.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,933 shares of the company’s stock after buying an additional 251 shares during the period. Interchange Capital Partners LLC’s holdings in GE Aerospace were worth $755,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. raised its position in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the period. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter valued at $28,000. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter valued at $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace during the first quarter valued at $33,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

GE opened at $303.97 on Friday. The company has a market cap of $320.63 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.49. The stock has a 50-day moving average of $289.19 and a 200-day moving average of $255.34. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein boosted their target price on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $284.27.

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.