895 Shares in GE Aerospace $GE Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. bought a new position in GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 895 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds also recently bought and sold shares of GE. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its holdings in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. GAMMA Investing LLC boosted its holdings in GE Aerospace by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock worth $5,066,000 after buying an additional 3,946 shares during the period. LongView Wealth Management purchased a new stake in GE Aerospace in the 1st quarter worth $285,000. Finally, Avior Wealth Management LLC lifted its stake in GE Aerospace by 4.8% in the 1st quarter. Avior Wealth Management LLC now owns 11,188 shares of the company’s stock worth $2,239,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.3%

Shares of NYSE GE opened at $300.60 on Friday. The firm’s 50-day moving average price is $286.07 and its 200-day moving average price is $250.77. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $318.77 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 3.23 and a beta of 1.49. 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 earnings results 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. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Citigroup reiterated a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wolfe Research boosted their price target 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. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.13.

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.