Freestone Capital Holdings LLC Acquires 190 Shares of GE Aerospace $GE

Freestone Capital Holdings LLC lifted its holdings in GE Aerospace (NYSE:GE) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,963 shares of the company’s stock after acquiring an additional 190 shares during the period. Freestone Capital Holdings LLC’s holdings in GE Aerospace were worth $2,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of GE Aerospace by 25.3% during the 4th 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 increased its holdings in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter worth about $236,000. Capital Advisors Inc. OK lifted its position in shares of GE Aerospace by 1.7% in the first quarter. Capital Advisors Inc. OK now owns 5,827 shares of the company’s stock worth $1,166,000 after buying an additional 99 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in GE Aerospace by 23.7% during the first quarter. Callan Capital LLC now owns 3,110 shares of the company’s stock valued at $622,000 after buying an additional 595 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $308.74 on Tuesday. The business’s 50 day moving average price is $294.44 and its 200-day moving average price is $261.69. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. The company has a market cap of $325.67 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Jefferies Financial Group raised their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Fifteen 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 currently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace 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.