Facet Wealth Inc. Invests $302,000 in GE Aerospace $GE

Facet Wealth Inc. bought a new position in GE Aerospace (NYSE:GE) in the second quarter, Holdings Channel.com reports. The firm bought 1,113 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Liberty Wealth Management LLC lifted its stake in GE Aerospace by 3.9% in the 2nd quarter. Liberty Wealth Management LLC now owns 1,308 shares of the company’s stock valued at $337,000 after purchasing an additional 49 shares during the last quarter. Penobscot Wealth Management bought a new position in shares of GE Aerospace in the 2nd quarter valued at $214,000. Brookwood Investment Group LLC lifted its stake in shares of GE Aerospace by 110.5% in the 2nd quarter. Brookwood Investment Group LLC now owns 6,162 shares of the company’s stock valued at $1,586,000 after acquiring an additional 3,234 shares during the last quarter. Banco Santander S.A. lifted its stake in shares of GE Aerospace by 624.8% in the 2nd quarter. Banco Santander S.A. now owns 104,017 shares of the company’s stock valued at $26,773,000 after acquiring an additional 89,666 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its position in GE Aerospace by 7.9% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 81,553 shares of the company’s stock valued at $20,977,000 after purchasing an additional 5,975 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 3.0%

GE Aerospace stock opened at $313.06 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53. The firm has a 50 day moving average price of $290.08 and a two-hundred day moving average price of $256.70. The firm has a market cap of $330.22 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the firm earned $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date of this dividend was 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 19.23%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Bank of America raised their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup reaffirmed a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

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.