GE Aerospace $GE Holdings Boosted by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. boosted its holdings in GE Aerospace (NYSE:GE) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,664 shares of the company’s stock after acquiring an additional 275 shares during the period. Valley Brook Capital Group Inc.’s holdings in GE Aerospace were worth $1,200,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock valued at $18,115,065,000 after purchasing an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. Invesco Ltd. increased its stake in shares of GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock valued at $1,921,344,000 after purchasing an additional 54,765 shares during the period. GQG Partners LLC acquired a new stake in shares of GE Aerospace in the first quarter valued at approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of GE Aerospace by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company’s stock valued at $1,536,387,000 after purchasing an additional 491,207 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 2.5%

GE Aerospace stock opened at $291.96 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap of $309.61 billion, a price-to-earnings ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The firm’s 50 day moving average price is $283.44 and its two-hundred day moving average price is $247.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is 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 20.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup restated a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.31.

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.