Scholtz & Company LLC Has $7.23 Million Stake in GE Aerospace $GE

Scholtz & Company LLC cut its holdings in shares of GE Aerospace (NYSE:GE) by 10.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,072 shares of the company’s stock after selling 3,314 shares during the period. GE Aerospace makes up approximately 3.2% of Scholtz & Company LLC’s investment portfolio, making the stock its 10th biggest holding. Scholtz & Company LLC’s holdings in GE Aerospace were worth $7,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its position in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Golden State Wealth Management LLC grew its position in GE Aerospace by 25.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,895 shares of the company’s stock worth $379,000 after purchasing an additional 388 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in GE Aerospace in the 1st quarter worth about $230,000. Finally, Vontobel Holding Ltd. grew its position in GE Aerospace by 36.1% in the 1st quarter. Vontobel Holding Ltd. now owns 30,028 shares of the company’s stock worth $6,010,000 after purchasing an additional 7,960 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on GE. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Down 1.2%

GE Aerospace stock opened at $310.64 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. The firm has a 50 day moving average price of $292.75 and a 200-day moving average price of $258.88. The company has a market capitalization of $327.67 billion, a P/E ratio of 41.47, a P/E/G ratio of 3.09 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

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

GE Aerospace Dividend Announcement

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