Coastline Trust Co Acquires 116 Shares of GE Aerospace $GE

Coastline Trust Co boosted its position in shares of GE Aerospace (NYSE:GE) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,352 shares of the company’s stock after purchasing an additional 116 shares during the quarter. Coastline Trust Co’s holdings in GE Aerospace were worth $3,694,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during 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 during the period. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GE shares. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Citigroup restated a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Stock Performance

Shares of GE opened at $294.97 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a fifty day simple moving average of $277.26 and a 200 day simple moving average of $240.78. The stock has a market capitalization of $312.80 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 3.17 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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 paid a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend 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.