GE Aerospace $GE Stock Holdings Increased by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. increased its holdings in GE Aerospace (NYSE:GE) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,632 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in GE Aerospace were worth $1,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cypress Wealth Services LLC bought a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $258,000. Courier Capital LLC raised its holdings in shares of GE Aerospace by 8.9% during the second quarter. Courier Capital LLC now owns 7,981 shares of the company’s stock valued at $2,054,000 after acquiring an additional 652 shares during the period. Sagespring Wealth Partners LLC raised its holdings in shares of GE Aerospace by 1.7% during the second quarter. Sagespring Wealth Partners LLC now owns 13,078 shares of the company’s stock valued at $3,366,000 after acquiring an additional 221 shares during the period. Frazier Financial Advisors LLC raised its holdings in shares of GE Aerospace by 57.6% during the second quarter. Frazier Financial Advisors LLC now owns 446 shares of the company’s stock valued at $115,000 after acquiring an additional 163 shares during the period. Finally, Harbour Trust & Investment Management Co acquired a new stake in shares of GE Aerospace during the second quarter valued at approximately $244,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of GE opened at $300.28 on Wednesday. The company’s 50 day moving average price is $284.44 and its 200 day moving average price is $248.71. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a market capitalization of $318.43 billion, a PE ratio of 41.88, a PEG ratio of 3.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GE shares. Citigroup restated a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.13.

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.