Purkiss Capital Advisors LLC Boosts Holdings in GE Aerospace $GE

Purkiss Capital Advisors LLC increased its position in GE Aerospace (NYSE:GE) by 63.9% during the second quarter, HoldingsChannel.com reports. The firm owned 1,986 shares of the company’s stock after acquiring an additional 774 shares during the quarter. Purkiss Capital Advisors LLC’s holdings in GE Aerospace were worth $511,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after buying an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. Invesco Ltd. raised its holdings in GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after acquiring an additional 54,765 shares during the last quarter. GQG Partners LLC bought a new position in GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock valued at $1,536,387,000 after acquiring an additional 491,207 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of several recent analyst reports. TD Cowen boosted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. raised their price target on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Trading Up 3.0%

Shares of GE stock opened at $313.06 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company has a market cap of $330.22 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 3.14 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53. The firm has a fifty day moving average price of $290.08 and a 200-day moving average price of $256.70.

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

GE Aerospace Dividend Announcement

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

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.