Cypress Capital Group Increases Position in GE Aerospace $GE

Cypress Capital Group lifted its stake in shares of GE Aerospace (NYSE:GE) by 19.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,433 shares of the company’s stock after acquiring an additional 238 shares during the quarter. Cypress Capital Group’s holdings in GE Aerospace were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Stephens Consulting LLC increased its holdings in GE Aerospace by 18.0% in the second quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after buying an additional 39 shares during the last quarter. Bill Few Associates Inc. increased its holdings in GE Aerospace by 3.0% in the second quarter. Bill Few Associates Inc. now owns 2,806 shares of the company’s stock valued at $722,000 after buying an additional 83 shares during the last quarter. Gordian Advisors LLC purchased a new position in GE Aerospace in the second quarter valued at $209,000. Almanack Investment Partners LLC. increased its holdings in GE Aerospace by 4.4% in the second quarter. Almanack Investment Partners LLC. now owns 1,207 shares of the company’s stock valued at $311,000 after buying an additional 51 shares during the last quarter. Finally, Ellis Investment Partners LLC purchased a new position in GE Aerospace in the second quarter valued at $215,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $297.47 on Tuesday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The company has a market capitalization of $315.45 billion, a PE ratio of 41.49, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a fifty day moving average of $283.87 and a two-hundred day moving average of $248.35. 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 released 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. 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 for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the company posted $1.20 earnings per share. The business’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, analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued 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 dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. The Goldman Sachs Group upped their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. TD Cowen upped their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $267.13.

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.