Reston Wealth Management LLC Purchases Shares of 816 GE Aerospace $GE

Reston Wealth Management LLC purchased a new position in GE Aerospace (NYSE:GE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 816 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently made changes to their positions in the business. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the first quarter valued at $28,000. Nova Wealth Management Inc. bought a new stake in GE Aerospace in the 1st quarter valued at about $29,000. IMG Wealth Management Inc. grew its position 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 bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC boosted its position in shares of GE Aerospace by 1,078.6% during the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 151 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GE. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wolfe Research lifted their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $305.37 on Friday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The firm’s 50-day moving average price is $296.24 and its two-hundred day moving average price is $263.15. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $322.11 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the company earned $1.15 EPS. GE Aerospace’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. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a $0.36 dividend. 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 dividend payout ratio (DPR) is currently 19.23%.

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.