Annex Advisory Services LLC Grows Position in GE Aerospace $GE

Annex Advisory Services LLC raised its holdings in GE Aerospace (NYSE:GE) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,075 shares of the company’s stock after acquiring an additional 202 shares during the period. Annex Advisory Services LLC’s holdings in GE Aerospace were worth $1,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 1.5%

Shares of NYSE:GE opened at $301.62 on Monday. The stock has a fifty day simple moving average of $273.62 and a two-hundred day simple moving average of $237.38. The stock has a market capitalization of $319.85 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 3.24 and a beta of 1.48. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $303.03. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. 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 payout ratio is currently 20.08%.

Analyst Ratings Changes

GE has been the topic of a number of research reports. UBS Group raised their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday. Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

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.