Focus Partners Advisor Solutions LLC Raises Stock Holdings in GE Aerospace $GE

Focus Partners Advisor Solutions LLC boosted its holdings in GE Aerospace (NYSE:GE) by 22.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,617 shares of the company’s stock after purchasing an additional 4,725 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in GE Aerospace were worth $6,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. grew its position in shares of GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GE. Wolfe Research lifted their target price on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Jefferies Financial Group raised their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reissued 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 given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.27.

GE Aerospace Stock Down 0.8%

Shares of GE Aerospace stock opened at $303.97 on Friday. The business’s fifty day moving average price is $289.19 and its two-hundred day moving average price is $254.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.73. The company has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a PEG ratio of 3.18 and a beta of 1.49. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.53.

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 the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

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.