Fusion Family Wealth LLC Invests $230,000 in GE Aerospace $GE

Fusion Family Wealth LLC acquired a new position in shares of GE Aerospace (NYSE:GE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 893 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at $29,000. IMG Wealth Management Inc. grew its stake in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after acquiring an additional 59 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth $30,000. Finally, First Pacific Financial boosted its stake in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $297.64 on Thursday. The stock has a 50 day moving average price of $287.74 and a 200 day moving average price of $252.86. 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 market capitalization of $315.63 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 33.81% and a net margin of 18.34%.The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GE shares. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group increased their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $284.27.

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.