GE Aerospace $GE Shares Bought by Ewa LLC

Ewa LLC grew its holdings in shares of GE Aerospace (NYSE:GE) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,485 shares of the company’s stock after purchasing an additional 99 shares during the period. Ewa LLC’s holdings in GE Aerospace were worth $382,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. Warren Street Wealth Advisors LLC grew its position in GE Aerospace by 4.3% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 1,278 shares of the company’s stock valued at $329,000 after buying an additional 53 shares in the last quarter. Vicus Capital lifted its holdings in GE Aerospace by 95.6% in the 2nd quarter. Vicus Capital now owns 3,004 shares of the company’s stock valued at $773,000 after acquiring an additional 1,468 shares during the last quarter. Naples Global Advisors LLC lifted its stake in GE Aerospace by 13.0% during the second quarter. Naples Global Advisors LLC now owns 1,691 shares of the company’s stock valued at $435,000 after buying an additional 195 shares in the last quarter. Pure Financial Advisors LLC lifted its stake in GE Aerospace by 14.2% during the second quarter. Pure Financial Advisors LLC now owns 4,135 shares of the company’s stock valued at $1,064,000 after buying an additional 515 shares in the last quarter. Finally, RKL Wealth Management LLC lifted its stake in GE Aerospace by 7.4% during the second quarter. RKL Wealth Management LLC now owns 1,091 shares of the company’s stock valued at $281,000 after buying an additional 75 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.2%

NYSE:GE opened at $301.41 on Thursday. The stock’s 50 day moving average price is $279.49 and its 200 day moving average price is $242.61. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a market capitalization of $319.63 billion, a P/E ratio of 42.04, a P/E/G ratio of 3.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 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 firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given 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%.

Analysts Set New Price Targets

A number of analysts have commented on GE shares. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup reissued a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $241.92.

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.