Quent Capital LLC Has $1.73 Million Holdings in GE Aerospace $GE

Quent Capital LLC grew its holdings in shares of GE Aerospace (NYSE:GE) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,708 shares of the company’s stock after purchasing an additional 78 shares during the period. Quent Capital LLC’s holdings in GE Aerospace were worth $1,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AIFG Consultants Ltd. lifted its holdings in shares of GE Aerospace by 2.5% during the 2nd quarter. AIFG Consultants Ltd. now owns 1,961 shares of the company’s stock worth $505,000 after acquiring an additional 48 shares during the period. Ameriflex Group Inc. lifted its holdings in shares of GE Aerospace by 23.5% during the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after acquiring an additional 331 shares during the period. ZWJ Investment Counsel Inc. lifted its holdings in shares of GE Aerospace by 2.2% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 44,832 shares of the company’s stock worth $11,539,000 after acquiring an additional 965 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of GE Aerospace during the 2nd quarter worth approximately $22,896,000. Finally, Washington Growth Strategies LLC bought a new stake in shares of GE Aerospace during the 2nd quarter worth approximately $307,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.7%

Shares of NYSE GE opened at $297.40 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The firm has a 50 day moving average price of $280.65 and a two-hundred day moving average price of $243.95. The stock has a market cap of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.22 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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Saturday, September 27th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Jefferies Financial Group upped their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, 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 report on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus 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.