GE Aerospace $GE Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE grew its holdings in GE Aerospace (NYSE:GE) by 4.5% during the second quarter, HoldingsChannel.com reports. The fund owned 6,635 shares of the company’s stock after purchasing an additional 283 shares during the quarter. Highview Capital Management LLC DE’s holdings in GE Aerospace were worth $1,708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GE. Brighton Jones LLC boosted its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its position in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in GE Aerospace by 7.9% in the 1st quarter. Crestwood Advisors Group LLC now owns 13,017 shares of the company’s stock worth $2,605,000 after acquiring an additional 953 shares during the period. Gries Financial LLC grew its position in GE Aerospace by 11.7% in the first quarter. Gries Financial LLC now owns 1,792 shares of the company’s stock valued at $359,000 after acquiring an additional 187 shares in the last quarter. Finally, Obermeyer Wealth Partners raised its stake in shares of GE Aerospace by 43.3% during the first quarter. Obermeyer Wealth Partners now owns 2,498 shares of the company’s stock valued at $500,000 after purchasing an additional 755 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of GE opened at $296.13 on Wednesday. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. 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 firm has a market cap of $312.36 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56. The stock has a 50 day moving average of $300.80 and a 200-day moving average of $270.17.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating 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 firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced 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 of this dividend 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 (DPR) is currently 19.23%.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. TD Cowen raised their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.