Bryn Mawr Trust Advisors LLC Has $1.63 Million Stake in GE Aerospace $GE

Bryn Mawr Trust Advisors LLC raised its stake in shares of GE Aerospace (NYSE:GE) by 8.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,344 shares of the company’s stock after acquiring an additional 516 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in GE Aerospace were worth $1,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GE. 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. bought a new position in GE Aerospace in the first quarter worth $29,000. IMG Wealth Management Inc. lifted its position in GE Aerospace by 113.5% in the second 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 period. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the first quarter worth $30,000. Finally, Financial Network Wealth Advisors LLC increased its holdings in GE Aerospace by 81.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GE. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, 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. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Up 0.7%

Shares of GE opened at $307.28 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market cap of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. The stock has a fifty day moving average price of $296.88 and a two-hundred day moving average price of $264.04. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

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 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 company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’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. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 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.