Perfromance Wealth Partners LLC Grows Stock Holdings in GE Aerospace $GE

Perfromance Wealth Partners LLC grew its position in GE Aerospace (NYSE:GE) by 176.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,597 shares of the company’s stock after acquiring an additional 2,296 shares during the period. Perfromance Wealth Partners LLC’s holdings in GE Aerospace were worth $926,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its holdings in GE Aerospace by 70.8% during the 2nd quarter. Axxcess Wealth Management LLC now owns 22,253 shares of the company’s stock valued at $5,728,000 after acquiring an additional 9,223 shares during the period. Moran Wealth Management LLC increased its stake in GE Aerospace by 19.0% during the second quarter. Moran Wealth Management LLC now owns 1,788 shares of the company’s stock worth $460,000 after purchasing an additional 285 shares during the period. Nadler Financial Group Inc. lifted its position in shares of GE Aerospace by 6.7% during the second quarter. Nadler Financial Group Inc. now owns 1,333 shares of the company’s stock worth $343,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of GE Aerospace by 15.1% in the second quarter. Cornerstone Wealth Group LLC now owns 5,246 shares of the company’s stock valued at $1,350,000 after purchasing an additional 690 shares during the period. Finally, Heartland Bank & Trust Co grew its holdings in shares of GE Aerospace by 38.9% in the second quarter. Heartland Bank & Trust Co now owns 4,767 shares of the company’s stock valued at $1,227,000 after purchasing an additional 1,335 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GE shares. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. TD Cowen increased their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. The Goldman Sachs Group upped their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.13.

GE Aerospace Stock Performance

Shares of GE stock opened at $297.47 on Tuesday. The company has a market cap of $315.45 billion, a P/E ratio of 41.49, a PEG ratio of 3.14 and a beta of 1.49. The firm has a fifty day moving average price of $283.87 and a 200 day moving average price of $248.35. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is presently 20.08%.

About GE Aerospace

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.