Cookson Peirce & Co. Inc. Grows Holdings in GE Aerospace $GE

Cookson Peirce & Co. Inc. boosted its holdings in GE Aerospace (NYSE:GE) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 8,667 shares of the company’s stock after purchasing an additional 411 shares during the period. Cookson Peirce & Co. Inc.’s holdings in GE Aerospace were worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. raised its position 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 buying an additional 59 shares during the last quarter. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the 1st quarter worth $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the 1st quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the 1st quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE Aerospace stock opened at $306.47 on Wednesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. The stock has a market capitalization of $324.99 billion, a P/E ratio of 42.74, a P/E/G ratio of 3.26 and a beta of 1.49. The firm’s 50-day moving average is $287.16 and its two-hundred day moving average is $252.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on GE. TD Cowen increased their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on shares of GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $281.27.

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.