Avior Wealth Management LLC Has $1.19 Million Position in GE Aerospace $GE

Avior Wealth Management LLC reduced its holdings in shares of GE Aerospace (NYSE:GE) by 58.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,636 shares of the company’s stock after selling 6,552 shares during the period. Avior Wealth Management LLC’s holdings in GE Aerospace were worth $1,193,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new position in GE Aerospace in the first quarter valued at about $203,000. Sendero Wealth Management LLC boosted its position in GE Aerospace by 526.6% in the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company’s stock valued at $3,004,000 after buying an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock valued at $8,065,000 after buying an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC boosted its position in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock valued at $2,751,000 after buying an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.5%

GE opened at $293.57 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market cap of $311.31 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 3.17 and a beta of 1.48. The firm has a 50 day simple moving average of $277.88 and a 200 day simple moving average of $241.79. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25.

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 the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. GE Aerospace’s revenue for the quarter 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, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on GE shares. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup restated a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, 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 report on Monday, September 22nd. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $241.92.

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.