Empirical Finance LLC Acquires 241 Shares of GE Aerospace $GE

Empirical Finance LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,839 shares of the company’s stock after purchasing an additional 241 shares during the period. Empirical Finance LLC’s holdings in GE Aerospace were worth $9,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the first quarter valued at approximately $28,000. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace during the first quarter valued at $29,000. IMG Wealth Management Inc. boosted its position 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 valued at $29,000 after buying an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter worth approximately $30,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of GE Aerospace by 81.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 77 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of GE stock opened at $296.13 on Wednesday. The firm has a market cap of $312.36 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $300.80 and its 200 day moving average is $270.17.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GE shares. Jefferies Financial Group upped their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. TD Cowen raised their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.