Hilltop National Bank Acquires Shares of 1,173 GE Aerospace $GE

Hilltop National Bank purchased a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,173 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors have also made changes to their positions in the stock. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter worth $30,000. Finally, First Pacific Financial increased its stake in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Trading Down 0.7%

NYSE:GE opened at $297.40 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The firm has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $280.65 and its 200-day moving average is $243.95.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last 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. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) 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.