Beacon Bridge Wealth Partners LLC Purchases New Stake in GE Aerospace $GE

Beacon Bridge Wealth Partners LLC purchased a new stake in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 817 shares of the company’s stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of the business. Callan Family Office LLC raised its position in GE Aerospace by 229.5% during the second quarter. Callan Family Office LLC now owns 66,702 shares of the company’s stock valued at $17,168,000 after buying an additional 46,461 shares during the period. Court Place Advisors LLC grew its stake in GE Aerospace by 1.8% in the second quarter. Court Place Advisors LLC now owns 5,809 shares of the company’s stock valued at $1,495,000 after purchasing an additional 101 shares in the last quarter. Blair William & Co. IL grew its stake in GE Aerospace by 1.2% in the second quarter. Blair William & Co. IL now owns 193,128 shares of the company’s stock valued at $49,709,000 after purchasing an additional 2,331 shares in the last quarter. TFR Capital LLC. grew its stake in GE Aerospace by 29.6% in the second quarter. TFR Capital LLC. now owns 1,529 shares of the company’s stock valued at $394,000 after purchasing an additional 349 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV purchased a new position in GE Aerospace in the second quarter valued at about $318,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 1.1%

Shares of GE opened at $299.18 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $282.99 and a 200-day simple moving average of $246.55. The stock has a market cap of $317.26 billion, a PE ratio of 41.73, a PEG ratio of 3.25 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $251.31.

About GE Aerospace

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.