Cyr Financial Inc. Boosts Stock Position in GE Aerospace $GE

Cyr Financial Inc. boosted its position in GE Aerospace (NYSE:GE) by 13.8% in the 2nd quarter, Holdings Channel reports. The fund owned 5,176 shares of the company’s stock after purchasing an additional 627 shares during the period. GE Aerospace makes up about 1.0% of Cyr Financial Inc.’s investment portfolio, making the stock its 15th biggest position. Cyr Financial Inc.’s holdings in GE Aerospace were worth $1,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its position in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares during the last quarter. Burr Financial Services LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at approximately $256,000. Fifth Third Wealth Advisors LLC raised its stake in shares of GE Aerospace by 28.6% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 21,328 shares of the company’s stock valued at $4,269,000 after purchasing an additional 4,744 shares in the last quarter. Finally, Aletheian Wealth Advisors LLC bought a new position in GE Aerospace during the first quarter worth $214,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $294.97 on Monday. The business’s 50-day moving average price is $277.26 and its two-hundred day moving average price is $241.12. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a market capitalization of $312.80 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 3.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts anticipate 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 issued a dividend of $0.36 per share. 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 currently 20.08%.

Analysts Set New Price Targets

A number of research analysts recently commented on GE shares. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

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.