GE Aerospace $GE Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its holdings in shares of GE Aerospace (NYSE:GE) by 45.2% during the second quarter, Holdings Channel.com reports. The fund owned 17,244 shares of the company’s stock after buying an additional 5,371 shares during the period. Brighton Jones LLC’s holdings in GE Aerospace were worth $4,438,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GE. Revolve Wealth Partners LLC grew its position in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares during the period. GAMMA Investing LLC grew its position in shares of GE Aerospace by 18.5% during the 1st quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after acquiring an additional 3,946 shares during the period. Moran Wealth Management LLC boosted its holdings in GE Aerospace by 10.5% in the 1st quarter. Moran Wealth Management LLC now owns 1,503 shares of the company’s stock worth $301,000 after buying an additional 143 shares during the last quarter. Bessemer Group Inc. boosted its holdings in GE Aerospace by 6.9% in the 1st quarter. Bessemer Group Inc. now owns 30,693 shares of the company’s stock worth $6,144,000 after buying an additional 1,979 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in GE Aerospace by 5.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,464 shares of the company’s stock worth $293,000 after buying an additional 73 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on GE. Citigroup reiterated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen lifted their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $284.27.

GE Aerospace Trading Down 0.8%

GE opened at $303.97 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.73. The company’s 50 day simple moving average is $289.19 and its two-hundred day simple moving average is $255.34. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.53. The firm has a market capitalization of $320.63 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 3.15 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the company posted $1.15 EPS. The business’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect 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. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

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.