Evolution Wealth Advisors LLC Buys 272 Shares of GE Aerospace $GE

Evolution Wealth Advisors LLC raised its stake in shares of GE Aerospace (NYSE:GE) by 26.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302 shares of the company’s stock after acquiring an additional 272 shares during the period. Evolution Wealth Advisors LLC’s holdings in GE Aerospace were worth $335,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its stake in GE Aerospace by 23.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after buying an additional 1,201 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 acquiring an additional 11,873 shares during the period. Leisure Capital Management bought a new position in shares of GE Aerospace in the first quarter valued at approximately $222,000. Finally, Fayez Sarofim & Co grew its stake in GE Aerospace by 14.3% during the first quarter. Fayez Sarofim & Co now owns 9,644 shares of the company’s stock valued at $1,930,000 after acquiring an additional 1,204 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 1.6%

Shares of GE stock opened at $304.15 on Friday. The business has a 50-day moving average of $299.42 and a 200 day moving average of $267.21. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The stock has a market capitalization of $320.82 billion, a PE ratio of 40.61, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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 upped their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Fifteen research 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 stock presently has an average rating of “Moderate Buy” and an average target price of $301.27.

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.