Swisher Financial Concepts Inc. Increases Stock Position in GE Aerospace $GE

Swisher Financial Concepts Inc. grew its stake in GE Aerospace (NYSE:GE) by 120.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,840 shares of the company’s stock after acquiring an additional 1,552 shares during the quarter. Swisher Financial Concepts Inc.’s holdings in GE Aerospace were worth $731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. Brighton Jones LLC increased its position in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of GE Aerospace by 24.1% in the 4th quarter. Centaurus Financial Inc. now owns 10,836 shares of the company’s stock valued at $1,807,000 after acquiring an additional 2,102 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in GE Aerospace by 12.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,352 shares of the company’s stock worth $392,000 after purchasing an additional 263 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in GE Aerospace by 22.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 5,132 shares of the company’s stock valued at $1,027,000 after acquiring an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. 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 report on Monday. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Stock Down 1.1%

GE opened at $297.12 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $276.63 and a two-hundred day moving average price of $239.75. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a market cap of $315.08 billion, a PE ratio of 41.44, a P/E/G ratio of 3.23 and a beta of 1.48.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the company posted $1.20 EPS. GE Aerospace’s 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. As a group, research analysts anticipate 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. Stockholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend 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 is 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.