GE Aerospace $GE Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA trimmed its position in GE Aerospace (NYSE:GE) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,503 shares of the company’s stock after selling 40 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in GE Aerospace were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GE. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the first quarter worth $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the first quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the first quarter worth $30,000. Finally, First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Down 2.5%

Shares of NYSE GE opened at $291.96 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The stock has a market cap of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.22 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $283.44 and a 200 day moving average of $247.10.

GE Aerospace (NYSE:GE) last posted its quarterly 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 net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on GE shares. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday. Finally, UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $251.31.

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.