Alpha Cubed Investments LLC Has $1.23 Million Stock Position in GE Aerospace $GE

Alpha Cubed Investments LLC cut its holdings in shares of GE Aerospace (NYSE:GE) by 6.8% in the second quarter, HoldingsChannel reports. The fund owned 4,764 shares of the company’s stock after selling 345 shares during the quarter. Alpha Cubed Investments LLC’s holdings in GE Aerospace were worth $1,226,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ameriflex Group Inc. lifted its stake in shares of GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after buying an additional 331 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new stake in GE Aerospace during the first quarter valued at about $203,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of GE Aerospace by 7.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after purchasing an additional 11,873 shares during the last quarter. Finally, Leisure Capital Management bought a new position in shares of GE Aerospace in the first quarter worth about $222,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $307.28 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a 50-day moving average of $296.88 and a 200-day moving average of $265.06. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The company has a market capitalization of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on GE shares. Royal Bank Of Canada raised their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Citigroup restated a “buy” rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wolfe Research upped their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. TD Cowen raised their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Company 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.