GE Aerospace $GE Shares Purchased by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC boosted its position in GE Aerospace (NYSE:GE) by 8.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,344 shares of the company’s stock after acquiring an additional 516 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in GE Aerospace were worth $1,633,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GE. Atlas Legacy Advisors LLC acquired a new stake in shares of GE Aerospace during the second quarter worth $222,000. Savant Capital LLC lifted its position in GE Aerospace by 21.1% during the second quarter. Savant Capital LLC now owns 82,213 shares of the company’s stock worth $21,161,000 after buying an additional 14,315 shares during the period. Soltis Investment Advisors LLC boosted its stake in GE Aerospace by 7.4% in the 2nd quarter. Soltis Investment Advisors LLC now owns 10,683 shares of the company’s stock worth $2,750,000 after buying an additional 738 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in GE Aerospace by 7.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,044 shares of the company’s stock valued at $526,000 after buying an additional 149 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of GE Aerospace by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 413,879 shares of the company’s stock valued at $106,528,000 after acquiring an additional 19,851 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.7%

GE Aerospace stock opened at $307.28 on Friday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company’s fifty day moving average price is $296.88 and its two-hundred day moving average price is $264.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company has a market capitalization of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56.

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. On average, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Jefferies Financial Group upped their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

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.