Stokes Family Office LLC Invests $221,000 in GE Aerospace $GE

Stokes Family Office LLC purchased a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 857 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors also recently bought and sold shares of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth approximately $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter valued at $29,000. IMG Wealth Management Inc. boosted its stake in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $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 worth $30,000. Finally, Financial Network Wealth Advisors LLC raised its position in shares of GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.7%

GE 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 firm has a market cap of $324.13 billion, a PE ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. The firm’s 50 day moving average price is $296.88 and its 200-day moving average price is $264.57. 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 issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share 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 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 for the quarter was up 26.4% compared to the same quarter last year. 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. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus 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.