928 Shares in GE Aerospace $GE Acquired by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. acquired a new position in GE Aerospace (NYSE:GE) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 928 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Old North State Wealth Management LLC boosted its holdings 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 buying an additional 39 shares during the period. Stephens Consulting LLC boosted its holdings 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 buying an additional 39 shares during the period. Webster Bank N. A. boosted its holdings in GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after buying an additional 41 shares during the period. Pacific Sage Partners LLC boosted its holdings in GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after buying an additional 41 shares during the period. Finally, Ascent Capital Management LLC boosted its holdings in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock worth $585,000 after buying an additional 42 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Wolfe Research raised their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of 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. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

GE Aerospace Stock Performance

GE Aerospace stock opened at $297.47 on Tuesday. The firm’s fifty day moving average price is $283.87 and its 200-day moving average price is $248.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market cap of $315.45 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

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.