GE Aerospace $GE Shares Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. boosted its stake in shares of GE Aerospace (NYSE:GE) by 482.0% in the second quarter, HoldingsChannel.com reports. The fund owned 17,774 shares of the company’s stock after purchasing an additional 14,720 shares during the period. GE Aerospace makes up about 1.4% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 20th biggest position. Peregrine Asset Advisers Inc.’s holdings in GE Aerospace were worth $4,575,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter worth $28,000. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth $29,000. IMG Wealth Management Inc. grew its holdings in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter worth $30,000. Finally, POM Investment Strategies LLC grew its holdings in shares of GE Aerospace by 1,078.6% during the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 151 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%

Shares of GE opened at $309.09 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The firm has a 50-day moving average price of $293.60 and a 200 day moving average price of $260.80. The firm has a market capitalization of $326.03 billion, a P/E ratio of 41.27, a P/E/G ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. 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, September 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $301.27.

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.