812 Shares in GE Aerospace $GE Acquired by Gordian Advisors LLC

Gordian Advisors LLC acquired a new position in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 812 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GE. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% in the 4th 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 boosted its holdings in GE Aerospace by 7.1% in the 4th 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. GAMMA Investing LLC boosted its holdings in GE Aerospace by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after purchasing an additional 3,946 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in GE Aerospace by 181.6% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,623 shares of the company’s stock valued at $1,326,000 after purchasing an additional 4,271 shares during the period. Finally, CVA Family Office LLC boosted its holdings in GE Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 2,385 shares of the company’s stock valued at $477,000 after purchasing an additional 324 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GE. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Wolfe Research upped their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $264.50.

GE Aerospace Stock Performance

GE opened at $291.96 on Monday. The firm has a market cap of $309.61 billion, a P/E ratio of 40.72, a PEG 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 company has a 50 day simple moving average of $283.44 and a two-hundred day simple moving average of $247.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

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

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 20.08%.

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.