Dogwood Wealth Management LLC Has $858,000 Stake in GE Aerospace $GE

Dogwood Wealth Management LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,472 shares of the company’s stock after buying an additional 140 shares during the period. Dogwood Wealth Management LLC’s holdings in GE Aerospace were worth $858,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GE. Brighton Jones LLC grew its position in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. NBC Securities Inc. grew its position in GE Aerospace by 127,966.7% in the 1st quarter. NBC Securities Inc. now owns 3,842 shares of the company’s stock valued at $769,000 after purchasing an additional 3,839 shares during the period. Fragasso Financial Advisors Inc acquired a new stake in GE Aerospace in the 1st quarter valued at $221,000. Finally, LVW Advisors LLC grew its position in GE Aerospace by 35.3% in the 1st quarter. LVW Advisors LLC now owns 1,734 shares of the company’s stock valued at $347,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GE. UBS Group lifted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Trading Up 2.6%

NYSE GE opened at $301.18 on Wednesday. The stock has a market capitalization of $319.38 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 3.16 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The business’s fifty day moving average is $278.71 and its 200-day moving average is $242.20.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the business posted $1.20 EPS. The firm’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. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is currently 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.