Diversify Wealth Management LLC grew its stake in GE Aerospace (NYSE:GE – Free Report) by 120.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,624 shares of the company’s stock after purchasing an additional 9,099 shares during the quarter. Diversify Wealth Management LLC’s holdings in GE Aerospace were worth $4,714,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blueline Advisors LLC purchased a new position in shares of GE Aerospace during the fourth quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace in the fourth quarter worth about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the 4th quarter valued at approximately $32,000. Lifetime Wealth Management P.C. bought a new stake in GE Aerospace during the 4th quarter valued at approximately $40,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after acquiring an additional 59 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.
GE Aerospace Stock Performance
Shares of GE opened at $359.33 on Monday. The company has a market cap of $374.90 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 3.18 and a beta of 1.35. The business’s fifty day simple moving average is $330.74 and its two-hundred day simple moving average is $317.25. GE Aerospace has a 12 month low of $251.40 and a 12 month high of $382.97. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.
GE Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 23.15%.
Key Headlines Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Investors are positioning for a strong July 16 earnings report, with expectations for revenue and EPS growth and the possibility of another beat. Top Wall Street Forecasters Revamp GE Aerospace Expectations Ahead Of Q2 Earnings
- Positive Sentiment: Analysts and commentators say GE’s defense and propulsion unit is benefiting from strong orders, major contracts, and rising military demand. Will Strength in Defense & Propulsion Unit Continue to Drive GE’s Momentum?
- Positive Sentiment: GE Aerospace is being described as a high-quality industrial name with a strong installed base and consistent service revenue, supporting investor confidence. GE Aerospace (GE) Rallied Amid Investors’ Confidence
- Neutral Sentiment: Some investors are warning that the stock’s sharp run means valuation matters, and much of the optimism may already be priced in. GE Aerospace: Great Company, But Price Matters
- Neutral Sentiment: Broader coverage has kept GE Aerospace in the spotlight, with traders focused on whether earnings can extend the stock’s current momentum. GE Aerospace Is a No-Brainer Buy Before July 16 Earnings. Here’s Why
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. President Capital lowered their price objective on GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. BNP Paribas Exane dropped their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Wells Fargo & Company assumed coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price on the stock. Finally, Seaport Research Partners started coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $360.33.
Read Our Latest Stock Report on GE Aerospace
GE Aerospace Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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