1,151 Shares in GE Aerospace $GE Purchased by Carr Financial Group Corp

Carr Financial Group Corp purchased a new position in shares of GE Aerospace (NYSE:GE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,151 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. GQG Partners LLC purchased a new stake in GE Aerospace in the first quarter valued at $1,606,840,000. GAMMA Investing LLC grew its holdings in GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after acquiring an additional 5,044,632 shares during the period. Nuveen LLC acquired a new position in GE Aerospace in the first quarter valued at approximately $777,075,000. Amundi lifted its holdings in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after acquiring an additional 1,771,944 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $305.50 on Wednesday. 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 stock’s fifty day moving average is $275.21 and its two-hundred day moving average is $238.60. The firm has a market capitalization of $323.97 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $305.78.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GE shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Royal Bank Of Canada upped their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. UBS Group lifted 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. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup reaffirmed a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.92.

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.