GE Aerospace $GE Shares Newly Bought by VCI Wealth Management LLC

VCI Wealth Management LLC acquired a new position in GE Aerospace (NYSE:GE – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,756 shares of the company’s stock, valued at approximately $3,984,000. GE Aerospace comprises 1.0% of VCI Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of GE Aerospace by 11.8% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,586 shares of the company’s stock worth $1,432,000 after purchasing an additional 484 shares during the period. Landaas & Co. WI ADV increased its holdings in GE Aerospace by 60.0% in the 3rd quarter. Landaas & Co. WI ADV now owns 987 shares of the company’s stock worth $308,000 after buying an additional 370 shares during the period. TSG Advice Partners LLC acquired a new position in GE Aerospace in the 3rd quarter worth approximately $427,000. Salomon & Ludwin LLC increased its holdings in GE Aerospace by 1.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,286 shares of the company’s stock worth $714,000 after buying an additional 43 shares during the period. Finally, One Way Holdings LLC raised its position in GE Aerospace by 14.0% during the 3rd quarter. One Way Holdings LLC now owns 877 shares of the company’s stock worth $274,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $315.38 on Tuesday. The stock has a market cap of $325.90 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The business has a 50-day simple moving average of $316.70 and a 200-day simple moving average of $323.07. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84.

GE Aerospace (NYSE:GE – Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. On average, equities analysts expect that GE Aerospace will post 8.16 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 5th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s payout ratio is presently 21.68%.

Key GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

Analysts Set New Price Targets

Several analysts have commented on GE shares. Susquehanna decreased their price objective on shares of GE Aerospace from $430.00 to $400.00 and set a “positive” rating for the company in a research note on Wednesday, October 21st. TD Cowen reaffirmed a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Wells Fargo & Company cut their price objective on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $378.00 target price on shares of GE Aerospace in a report on Wednesday, October 21st. Finally, Melius Research set a $350.00 target price on shares of GE Aerospace and gave the stock a “hold” rating in a report on Monday, September 14th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $373.45.

Check Out Our Latest Report on GE

GE Aerospace Company Profile

(Free Report)

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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