NORTHSTAR ASSET MANAGEMENT Co Has $550,000 Stake in GE Aerospace $GE

NORTHSTAR ASSET MANAGEMENT Co increased its stake in GE Aerospace (NYSE:GE) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,135 shares of the company’s stock after purchasing an additional 100 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in GE Aerospace were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace in the 1st quarter worth approximately $29,000. IMG Wealth Management Inc. lifted its holdings in 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 purchasing an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in GE Aerospace in the 1st quarter worth approximately $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

GE Aerospace stock opened at $303.97 on Friday. 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 stock has a fifty day moving average price of $289.19 and a two-hundred day moving average price of $254.75. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53. The firm has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.18 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company 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 $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Wolfe Research upped their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.