Joel Isaacson & Co. LLC Increases Position in GE Aerospace $GE

Joel Isaacson & Co. LLC lifted its holdings in shares of GE Aerospace (NYSE:GE) by 0.6% in the second quarter, HoldingsChannel.com reports. The fund owned 7,392 shares of the company’s stock after acquiring an additional 47 shares during the period. Joel Isaacson & Co. LLC’s holdings in GE Aerospace were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth about $28,000. Copia Wealth Management lifted its position in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter worth about $29,000. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the first quarter valued at approximately $30,000. Finally, First Pacific Financial grew its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GE shares. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Saturday, September 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Trading Up 0.4%

NYSE:GE opened at $298.16 on Tuesday. The company’s 50-day simple moving average is $281.20 and its 200 day simple moving average is $245.15. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The firm has a market capitalization of $316.18 billion, a P/E ratio of 41.58, a PEG ratio of 3.20 and a beta of 1.49. 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 (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is 20.08%.

GE Aerospace 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.