Jacobsen Capital Management Increases Stock Position in GE Aerospace $GE

Jacobsen Capital Management lifted its holdings in GE Aerospace (NYSE:GE) by 12.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,263 shares of the company’s stock after acquiring an additional 250 shares during the quarter. Jacobsen Capital Management’s holdings in GE Aerospace were worth $582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Brighton Jones LLC lifted its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the last quarter. GAMMA Investing LLC increased its position in GE Aerospace by 18.5% during the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after buying an additional 3,946 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in GE Aerospace by 15.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 11,052 shares of the company’s stock valued at $2,212,000 after buying an additional 1,499 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in GE Aerospace by 18.3% during the first quarter. JFS Wealth Advisors LLC now owns 1,648 shares of the company’s stock valued at $330,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GE. Citigroup reissued a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Sanford C. Bernstein increased their price objective on shares of GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. UBS Group raised their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Wolfe Research lifted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $281.27.

GE Aerospace Stock Performance

Shares of GE stock opened at $306.47 on Wednesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53. 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 has a 50 day moving average price of $287.16 and a 200-day moving average price of $252.55. The firm has a market capitalization of $324.99 billion, a PE ratio of 42.74, a P/E/G ratio of 3.26 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

About GE Aerospace

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.