GE Aerospace $GE Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC cut its holdings in shares of GE Aerospace (NYSE:GE) by 20.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 875 shares of the company’s stock after selling 231 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in GE Aerospace were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Private Wealth Group LLC acquired a new stake in shares of GE Aerospace during the second quarter worth approximately $302,000. Sutton Place Investors LLC boosted its stake in GE Aerospace by 5.9% during the 2nd quarter. Sutton Place Investors LLC now owns 1,764 shares of the company’s stock valued at $454,000 after acquiring an additional 98 shares during the last quarter. Realta Investment Advisors acquired a new position in GE Aerospace during the 2nd quarter worth $489,000. Wealthcare Capital Partners LLC increased its position in shares of GE Aerospace by 13.7% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 1,950 shares of the company’s stock worth $502,000 after purchasing an additional 235 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of GE Aerospace by 1.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 14,860 shares of the company’s stock worth $3,825,000 after purchasing an additional 243 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of GE stock opened at $297.40 on Monday. GE Aerospace has a 12-month low of $159.36 and a 12-month 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 firm has a market capitalization of $315.38 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The business has a 50 day simple moving average of $280.65 and a 200 day simple moving average of $244.50.

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, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently weighed in on GE. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, UBS Group increased their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.