GE Aerospace $GE Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its holdings in shares of GE Aerospace (NYSE:GE) by 12.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,506 shares of the company’s stock after purchasing an additional 487 shares during the quarter. Resonant Capital Advisors LLC’s holdings in GE Aerospace were worth $1,160,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of GE Aerospace by 35.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,333 shares of the company’s stock worth $5,234,000 after buying an additional 5,289 shares during the period. Atlatl Advisers LLC purchased a new stake in shares of GE Aerospace during the second quarter worth approximately $2,024,000. Topsail Wealth Management LLC increased its stake in shares of GE Aerospace by 7.1% during the second quarter. Topsail Wealth Management LLC now owns 1,316 shares of the company’s stock worth $339,000 after buying an additional 87 shares during the period. Cosner Financial Group LLC increased its stake in shares of GE Aerospace by 14.5% during the second quarter. Cosner Financial Group LLC now owns 1,167 shares of the company’s stock worth $300,000 after buying an additional 148 shares during the period. Finally, VestGen Investment Management increased its stake in shares of GE Aerospace by 10.8% during the second quarter. VestGen Investment Management now owns 1,354 shares of the company’s stock worth $349,000 after buying an additional 132 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of GE opened at $303.97 on Monday. 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 $320.63 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The company’s 50 day simple moving average is $289.19 and its 200-day simple moving average is $255.82. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a dividend of $0.36 per share. 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 (DPR) is currently 19.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GE shares. 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, October 9th. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday. Finally, UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $284.27.

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.