GE Aerospace $GE Shares Bought by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC grew its position in GE Aerospace (NYSE:GE) by 57.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446 shares of the company’s stock after buying an additional 163 shares during the period. Frazier Financial Advisors LLC’s holdings in GE Aerospace were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC lifted its holdings in shares of GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after acquiring an additional 39 shares during the last quarter. Stephens Consulting LLC grew its stake in shares of GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after buying an additional 39 shares in the last quarter. Webster Bank N. A. raised its holdings in shares of GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after buying an additional 41 shares during the period. Pacific Sage Partners LLC lifted its stake in GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after acquiring an additional 41 shares in the last quarter. Finally, Ascent Capital Management LLC grew its position in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. 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 report on Monday, September 22nd. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $267.13.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $297.47 on Tuesday. 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 has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a market capitalization of $315.45 billion, a P/E ratio of 41.49, a P/E/G ratio of 3.14 and a beta of 1.49. The company’s fifty day moving average price is $283.87 and its 200 day moving average price is $248.35.

GE Aerospace (NYSE:GE) last released its quarterly 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. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

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.