St. Louis Trust Co Takes Position in GE Aerospace $GE

St. Louis Trust Co acquired a new stake in shares of GE Aerospace (NYSE:GE) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 786 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in the stock. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $28,000. Copia Wealth Management lifted its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace in the 1st quarter worth approximately $30,000. Finally, First Pacific Financial lifted its holdings in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GE shares. The Goldman Sachs Group boosted their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.50.

GE Aerospace Stock Down 2.5%

Shares of GE opened at $291.96 on Monday. The stock has a market capitalization of $309.61 billion, a price-to-earnings ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The business’s 50 day simple moving average is $283.44 and its 200-day simple moving average is $247.67. 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 issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

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.