GE Aerospace $GE Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE increased its stake in shares of GE Aerospace (NYSE:GE) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,635 shares of the company’s stock after buying an additional 283 shares during the period. Highview Capital Management LLC DE’s holdings in GE Aerospace were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake in GE Aerospace by 8.6% in the 2nd quarter. HHM Wealth Advisors LLC now owns 3,794 shares of the company’s stock valued at $977,000 after purchasing an additional 300 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in GE Aerospace by 104.5% in the second quarter. Wealthspire Advisors LLC now owns 45,072 shares of the company’s stock valued at $11,601,000 after purchasing an additional 23,031 shares during the last quarter. Perennial Investment Advisors LLC increased its position in shares of GE Aerospace by 1.1% in the second quarter. Perennial Investment Advisors LLC now owns 4,671 shares of the company’s stock valued at $1,202,000 after buying an additional 49 shares in the last quarter. Rockbridge Investment Management LCC increased its position in shares of GE Aerospace by 240.4% in the second quarter. Rockbridge Investment Management LCC now owns 9,285 shares of the company’s stock valued at $2,390,000 after buying an additional 6,557 shares in the last quarter. Finally, Semus Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 2nd quarter worth $289,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GE shares. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Jefferies Financial Group raised their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Down 1.3%

Shares of NYSE:GE opened at $296.13 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The firm has a market cap of $312.36 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56. The stock’s 50-day moving average price is $300.80 and its two-hundred day moving average price is $270.17. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67.

GE Aerospace (NYSE:GE) last announced 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. 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 for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the firm posted $1.15 EPS. The company’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. On average, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

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.