Deltec Asset Management LLC purchased a new position in shares of GE Aerospace (NYSE:GE – Free Report) during the first quarter, Holdings Channel reports. The fund purchased 2,003 shares of the company’s stock, valued at approximately $568,000.
Several other hedge funds and other institutional investors have also modified their holdings of GE. RKL Wealth Management LLC grew its stake in shares of GE Aerospace by 17.0% in the first quarter. RKL Wealth Management LLC now owns 1,133 shares of the company’s stock valued at $322,000 after buying an additional 165 shares in the last quarter. Semus Wealth Partners LLC lifted its stake in GE Aerospace by 8.6% during the 1st quarter. Semus Wealth Partners LLC now owns 1,255 shares of the company’s stock worth $356,000 after acquiring an additional 99 shares in the last quarter. Secured Retirement Advisors LLC acquired a new position in GE Aerospace during the 1st quarter worth about $1,527,000. Whelan Financial boosted its holdings in GE Aerospace by 5.9% during the 1st quarter. Whelan Financial now owns 971 shares of the company’s stock valued at $275,000 after acquiring an additional 54 shares during the period. Finally, Tcfg Wealth Management LLC boosted its holdings in GE Aerospace by 4.4% during the 1st quarter. Tcfg Wealth Management LLC now owns 1,796 shares of the company’s stock valued at $510,000 after acquiring an additional 75 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
GE Aerospace Trading Up 0.2%
NYSE:GE opened at $374.53 on Thursday. GE Aerospace has a 12-month low of $243.34 and a 12-month high of $379.67. The firm has a market cap of $390.76 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 3.31 and a beta of 1.35. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average price of $319.00 and a 200 day moving average price of $314.03.
GE Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 23.15%.
Analyst Ratings Changes
Several research firms have weighed in on GE. UBS Group dropped their target price on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating on shares of GE Aerospace in a research report on Wednesday, May 27th. Daiwa Securities Group began coverage on shares of GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective for the company. TD Cowen dropped their price objective on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Finally, Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research note on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $352.56.
Get Our Latest Research Report on GE Aerospace
More GE Aerospace News
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace was cited as benefiting from stronger engine demand, reinforcing the view that order and aftermarket momentum remain solid. GE Aerospace Gains on Engine Demand
- Positive Sentiment: Multiple articles said GE Aerospace looks positioned to beat earnings estimates again, which supports the stock’s upside narrative heading into results. Why GE (GE) is Poised to Beat Earnings Estimates Again
- Positive Sentiment: Investors are focused on the July 16 earnings report, with commentary suggesting aviation tailwinds remain intact and could keep sentiment constructive. Dear GE Aerospace Stock Fans, Mark Your Calendars for July 16
- Positive Sentiment: GE Aerospace completed a ground test of a megawatt-class hybrid electric engine system, showing progress in next-generation propulsion technology. GE Aerospace completes ground test of megawatt-class hybrid electric engine system
- Neutral Sentiment: One article compared GE Aerospace with Textron, framing GE as a strong aerospace and defense name but not introducing a clear new catalyst. GE Aerospace vs. Textron: Which Aerospace & Defense Stock Has Greater Upside?
- Neutral Sentiment: A separate opinion piece argued GE Aerospace’s defense fundamentals may not justify its premium valuation, which is more of a debate over pricing than a direct business concern. The Great Disconnect: Why GE Aerospace’s Defense Fundamentals Don’t Justify A $369 Price Tag
GE Aerospace Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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