Key Financial Inc Takes Position in GE Aerospace $GE

Key Financial Inc acquired a new stake in shares of GE Aerospace (NYSE:GE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,993 shares of the company’s stock, valued at approximately $1,028,000.

A number of other institutional investors have also recently made changes to their positions in the company. Pacific Wealth Strategies Group Inc. purchased a new position in shares of GE Aerospace during the second quarter valued at about $333,000. Marion Wealth Management purchased a new position in shares of GE Aerospace during the second quarter valued at about $265,000. Levin Capital Strategies L.P. purchased a new position in shares of GE Aerospace during the second quarter valued at about $211,000. Connable Office Inc. purchased a new position in shares of GE Aerospace during the second quarter valued at about $778,000. Finally, Bridgewater Advisors Inc. grew its position in shares of GE Aerospace by 3.4% during the second quarter. Bridgewater Advisors Inc. now owns 3,958 shares of the company’s stock valued at $1,070,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.1%

Shares of NYSE GE opened at $308.74 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company has a market cap of $325.67 billion, a P/E ratio of 41.22, a PEG ratio of 3.09 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The firm has a 50-day simple moving average of $294.44 and a two-hundred day simple moving average of $261.69.

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, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GE. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Bank of America lifted their price target on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

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.