Wealthspire Advisors LLC Has $11.60 Million Position in GE Aerospace $GE

Wealthspire Advisors LLC raised its position in GE Aerospace (NYSE:GE) by 104.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,072 shares of the company’s stock after purchasing an additional 23,031 shares during the period. Wealthspire Advisors LLC’s holdings in GE Aerospace were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Terril Brothers Inc. boosted its position in shares of GE Aerospace by 2.7% in the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after acquiring an additional 37 shares during the period. New England Capital Financial Advisors LLC increased its position in GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after acquiring an additional 37 shares during the period. Old North State Wealth Management LLC raised its stake in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after purchasing an additional 39 shares in the last quarter. Stephens Consulting LLC raised its stake in GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock worth $66,000 after purchasing an additional 39 shares in the last quarter. Finally, Francis Financial Inc. boosted its holdings in GE Aerospace by 3.3% in the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock valued at $313,000 after purchasing an additional 39 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $296.13 on Wednesday. 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 $312.36 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. 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’s 50 day simple moving average is $300.80 and its 200 day simple moving average is $270.17.

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

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wolfe Research raised their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, BNP Paribas Exane initiated coverage on GE Aerospace in a report on Tuesday. They set an “underperform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Company 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.