Vise Technologies Inc. Takes Position in GE Aerospace $GE

Vise Technologies Inc. bought a new position in GE Aerospace (NYSE:GE) in the second quarter, according to its most recent filing with the SEC. The firm bought 25,660 shares of the company’s stock, valued at approximately $6,605,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the period. 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 valued at $375,000 after purchasing an additional 150 shares during the period. Diversify Wealth Management LLC raised its stake in shares of GE Aerospace by 8.0% in the first quarter. Diversify Wealth Management LLC now owns 5,233 shares of the company’s stock worth $1,049,000 after purchasing an additional 387 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of GE Aerospace by 2.5% during the first quarter. Kathmere Capital Management LLC now owns 4,438 shares of the company’s stock worth $888,000 after purchasing an additional 107 shares during the period. Finally, New York State Common Retirement Fund boosted its position in GE Aerospace by 2.7% in the first quarter. New York State Common Retirement Fund now owns 1,444,001 shares of the company’s stock valued at $289,017,000 after buying an additional 38,496 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.7%

GE stock opened at $307.28 on Monday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. 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 firm’s fifty day moving average is $296.88 and its 200 day moving average is $265.06. The firm has a market cap of $324.13 billion, a PE ratio of 41.03, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s 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. On average, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

GE has been the subject of a number of recent research reports. Royal Bank Of Canada raised 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. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. TD Cowen boosted their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Citigroup reiterated a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.27.

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.