Harold Davidson & Associates Inc. Has $3.93 Million Position in GE Aerospace $GE

Harold Davidson & Associates Inc. reduced its stake in shares of GE Aerospace (NYSE:GE) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,645 shares of the company’s stock after selling 191 shares during the quarter. GE Aerospace comprises 2.1% of Harold Davidson & Associates Inc.’s portfolio, making the stock its 11th biggest position. Harold Davidson & Associates Inc.’s holdings in GE Aerospace were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of GE Aerospace by 2.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,497 shares of the company’s stock valued at $18,263,000 after purchasing an additional 2,843 shares during the period. Numerai GP LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at approximately $212,000. Finally, Northeast Financial Consultants Inc grew its position in shares of GE Aerospace by 28.1% in the 4th quarter. Northeast Financial Consultants Inc now owns 1,608 shares of the company’s stock valued at $268,000 after purchasing an additional 353 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group boosted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.92.

GE Aerospace Trading Down 0.6%

NYSE:GE opened at $281.75 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $268.63 and a two-hundred day moving average price of $233.13. The company has a market cap of $298.78 billion, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share 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 during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The business’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. As a group, analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.

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.