Vise Technologies Inc. Purchases New Holdings in GE Aerospace $GE

Vise Technologies Inc. acquired a new position in GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,660 shares of the company’s stock, valued at approximately $6,605,000.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its stake in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of 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 during the period. Diversify Wealth Management LLC grew its holdings in shares of GE Aerospace by 8.0% in the first quarter. Diversify Wealth Management LLC now owns 5,233 shares of the company’s stock worth $1,049,000 after purchasing an additional 387 shares during the last quarter. Kathmere Capital Management LLC increased its stake in GE Aerospace by 2.5% in the 1st quarter. Kathmere Capital Management LLC now owns 4,438 shares of the company’s stock worth $888,000 after buying an additional 107 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in GE Aerospace by 2.7% during the 1st quarter. New York State Common Retirement Fund now owns 1,444,001 shares of the company’s stock valued at $289,017,000 after buying an additional 38,496 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.7%

Shares of NYSE GE opened at $307.28 on Monday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The business has a fifty day moving average price of $296.88 and a 200 day moving average price of $265.06. The stock has a market capitalization of $324.13 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders 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 of this dividend was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of brokerages have commented on GE. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wolfe Research increased their price objective on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, TD Cowen increased their price target 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace 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.