Burney Co. Buys 894 Shares of GE Aerospace $GE

Burney Co. lifted its stake in GE Aerospace (NYSE:GE) by 31.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,740 shares of the company’s stock after purchasing an additional 894 shares during the quarter. Burney Co.’s holdings in GE Aerospace were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Capital Advisors Inc. OK raised its position in GE Aerospace by 1.7% during the first quarter. Capital Advisors Inc. OK now owns 5,827 shares of the company’s stock valued at $1,166,000 after purchasing an additional 99 shares in the last quarter. Callan Capital LLC raised its position in GE Aerospace by 23.7% during the first quarter. Callan Capital LLC now owns 3,110 shares of the company’s stock valued at $622,000 after purchasing an additional 595 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of GE Aerospace by 110.4% during the 1st quarter. Raleigh Capital Management Inc. now owns 789 shares of the company’s stock valued at $158,000 after purchasing an additional 414 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GE shares. 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. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Royal Bank Of Canada increased their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Down 1.5%

Shares of GE opened at $304.10 on Wednesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The stock has a market capitalization of $320.77 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock has a fifty day moving average of $295.03 and a 200-day moving average of $262.56.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data 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. The business 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%.GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 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.