Cooper Financial Group Acquires 1,292 Shares of GE Aerospace $GE

Cooper Financial Group increased its holdings in shares of GE Aerospace (NYSE:GE) by 48.1% during the second quarter, HoldingsChannel reports. The firm owned 3,980 shares of the company’s stock after buying an additional 1,292 shares during the period. Cooper Financial Group’s holdings in GE Aerospace were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Old North State Wealth Management LLC increased its holdings in shares of GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after acquiring an additional 39 shares during the period. Webster Bank N. A. boosted its position in shares of GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after purchasing an additional 41 shares in the last quarter. Pacific Sage Partners LLC boosted its position in shares of GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after purchasing an additional 41 shares in the last quarter. Ascent Capital Management LLC boosted its position in shares of GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock worth $585,000 after purchasing an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its position in shares of GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock worth $810,000 after purchasing an additional 43 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $301.41 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The business has a 50-day moving average price of $279.49 and a 200 day moving average price of $242.61. The firm has a market cap of $319.63 billion, a PE ratio of 42.04, a P/E/G ratio of 3.24 and a beta of 1.49.

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

GE Aerospace Dividend Announcement

The firm 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. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.92.

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.