Sage Mountain Advisors LLC Buys 842 Shares of GE Aerospace $GE

Sage Mountain Advisors LLC boosted its stake in shares of GE Aerospace (NYSE:GE) by 15.1% in the second quarter, Holdings Channel reports. The institutional investor owned 6,431 shares of the company’s stock after purchasing an additional 842 shares during the period. Sage Mountain Advisors LLC’s holdings in GE Aerospace were worth $1,655,000 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 stock. IMG Wealth Management Inc. boosted its stake in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth $28,000. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $33,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $303.97 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. The stock has a 50-day moving average price of $289.19 and a 200 day moving average price of $254.75. The stock has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.18 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter last year, the business 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. Equities research 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. Investors of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Ratings Changes

GE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. TD Cowen raised their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.27.

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.