JFS Wealth Advisors LLC Reduces Stock Position in GE Aerospace $GE

JFS Wealth Advisors LLC lowered its holdings in shares of GE Aerospace (NYSE:GE) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 824 shares of the company’s stock after selling 824 shares during the quarter. JFS Wealth Advisors LLC’s holdings in GE Aerospace were worth $212,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter worth $28,000. Copia Wealth Management lifted its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter worth $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 2.5%

Shares of NYSE:GE opened at $291.96 on Friday. The business’s 50-day moving average is $283.44 and its 200 day moving average is $247.38. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The firm has a market capitalization of $309.61 billion, a P/E ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last announced its 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 return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the company 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. On average, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued 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 is currently 20.08%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GE. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research report on Wednesday. Wells Fargo & Company boosted their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $251.31.

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.