Liberty Wealth Management LLC Raises Position in GE Aerospace $GE

Liberty Wealth Management LLC boosted its holdings in GE Aerospace (NYSE:GE) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,308 shares of the company’s stock after purchasing an additional 49 shares during the period. Liberty Wealth Management LLC’s holdings in GE Aerospace were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the 1st quarter valued at about $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. lifted its position in GE Aerospace by 113.5% in the second 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. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace in the first quarter worth approximately $33,000. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GE shares. Wolfe Research upped their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday. Bank of America boosted their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday. Finally, TD Cowen upped their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Fifteen research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Up 3.0%

GE stock opened at $313.06 on Tuesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.53. The company has a market capitalization of $330.22 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The business’s 50 day moving average price is $290.08 and its two-hundred day moving average price is $256.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 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 for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 19.23%.

GE Aerospace Company 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.