780 Shares in GE Aerospace $GE Acquired by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ acquired a new stake in GE Aerospace (NYSE:GE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 780 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. Prudential PLC bought a new position in GE Aerospace in the second quarter valued at about $573,000. Cumberland Partners Ltd acquired a new position in GE Aerospace during the 2nd quarter valued at about $6,889,000. Mizuho Securities Co. Ltd. acquired a new position in GE Aerospace in the second quarter valued at approximately $103,000. Empirical Finance LLC boosted its stake in GE Aerospace by 0.6% in the second quarter. Empirical Finance LLC now owns 37,839 shares of the company’s stock valued at $9,739,000 after acquiring an additional 241 shares during the last quarter. Finally, ARS Investment Partners LLC bought a new position in GE Aerospace in the second quarter valued at approximately $257,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Trading Up 1.6%

NYSE GE opened at $300.84 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. 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 firm has a market cap of $317.33 billion, a P/E ratio of 40.17, a P/E/G ratio of 3.09 and a beta of 1.56. The stock’s 50-day moving average is $301.15 and its 200-day moving average is $270.39.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the business earned $1.15 EPS. GE Aerospace’s revenue for the quarter 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. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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