1,401 Shares in GE Aerospace $GE Acquired by Gladwyn Financial Advisors Inc.

Gladwyn Financial Advisors Inc. purchased a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,401 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds have also added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. First Pacific Financial lifted its holdings in GE Aerospace by 46.0% during the 1st 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. Finally, O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the 1st quarter worth approximately $33,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.3%

Shares of GE opened at $300.60 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The business’s fifty day moving average is $286.07 and its 200-day moving average is $250.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap of $318.77 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.23 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) 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 company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the company posted $1.20 EPS. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on GE. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. UBS Group raised their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, 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.