GE Aerospace $GE Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of GE Aerospace (NYSE:GE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,151 shares of the company’s stock after acquiring an additional 751 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in GE Aerospace were worth $3,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GE. GQG Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter valued at approximately $1,606,840,000. Nuveen LLC bought a new position in GE Aerospace during the 1st quarter worth $777,075,000. Amundi grew its stake in GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after buying an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after buying an additional 1,196,060 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup restated a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Trading Down 0.7%

NYSE:GE opened at $297.40 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49. The business has a fifty day moving average of $280.65 and a 200-day moving average of $243.95. 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 earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s quarterly 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. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

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.