Optas LLC Has $2.17 Million Stock Holdings in GE Aerospace $GE

Optas LLC increased its position in GE Aerospace (NYSE:GE) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,433 shares of the company’s stock after buying an additional 610 shares during the period. Optas LLC’s holdings in GE Aerospace were worth $2,171,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management lifted its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter valued at approximately $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 lifted its holdings in shares of GE Aerospace by 46.0% in the first 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. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.3%

NYSE:GE opened at $302.56 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $320.85 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.49. The firm’s 50 day moving average is $282.43 and its 200 day moving average is $245.94. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors 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 payout ratio is 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup reissued a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.31.

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.