798 Shares in GE Aerospace $GE Acquired by Better Money Decisions LLC

Better Money Decisions LLC bought a new stake in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, HoldingsChannel reports. The firm bought 798 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of GE Aerospace by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after buying an additional 2,779 shares during the last quarter. Bailard Inc. grew its position in GE Aerospace by 29.4% in the second quarter. Bailard Inc. now owns 3,871 shares of the company’s stock worth $996,000 after acquiring an additional 879 shares in the last quarter. Geode Capital Management LLC increased its stake in GE Aerospace by 3.1% in the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after acquiring an additional 724,559 shares during the last quarter. Maple Capital Management Inc. increased its stake in GE Aerospace by 17.3% in the second quarter. Maple Capital Management Inc. now owns 76,452 shares of the company’s stock valued at $19,678,000 after acquiring an additional 11,296 shares during the last quarter. Finally, Everett Harris & Co. CA raised its position in GE Aerospace by 19.0% during the second quarter. Everett Harris & Co. CA now owns 8,336 shares of the company’s stock valued at $2,146,000 after purchasing an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 0.7%

Shares of GE opened at $308.53 on Thursday. The stock has a market capitalization of $325.44 billion, a P/E ratio of 41.19, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $298.97 and a two-hundred day simple moving average of $266.95.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were issued a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GE shares. Royal Bank Of Canada upped their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. The Goldman Sachs Group boosted 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $301.27.

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.