HHM Wealth Advisors LLC Has $977,000 Stock Position in GE Aerospace $GE

HHM Wealth Advisors LLC boosted its position in GE Aerospace (NYSE:GE) by 8.6% during the 2nd quarter, Holdings Channel reports. The fund owned 3,794 shares of the company’s stock after buying an additional 300 shares during the period. HHM Wealth Advisors LLC’s holdings in GE Aerospace were worth $977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GE. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the 1st quarter valued at $28,000. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace during the first quarter valued at about $29,000. IMG Wealth Management Inc. increased its position in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $30,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of GE Aerospace by 81.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GE shares. Royal Bank Of Canada lifted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Stock Down 1.3%

GE stock opened at $296.13 on Wednesday. The company has a 50 day moving average of $300.80 and a two-hundred day moving average of $270.17. The company has a market cap of $312.36 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The firm’s 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. On average, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid 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 was Monday, September 29th. GE Aerospace’s payout ratio is presently 19.23%.

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.