Wealthspire Advisors LLC Has $11.60 Million Position in GE Aerospace $GE

Wealthspire Advisors LLC increased its position in shares of GE Aerospace (NYSE:GE) by 104.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,072 shares of the company’s stock after buying an additional 23,031 shares during the quarter. Wealthspire Advisors LLC’s holdings in GE Aerospace were worth $11,601,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Terril Brothers Inc. raised its holdings in shares of GE Aerospace by 2.7% in the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after purchasing an additional 37 shares during the last quarter. New England Capital Financial Advisors LLC boosted its holdings in GE Aerospace by 5.0% during the second quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company’s stock worth $199,000 after purchasing an additional 37 shares during the last quarter. Old North State Wealth Management LLC grew its position in GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares in the last quarter. Stephens Consulting LLC increased its stake in GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after buying an additional 39 shares during the last quarter. Finally, Francis Financial Inc. lifted its position in GE Aerospace by 3.3% during the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company’s stock worth $313,000 after buying an additional 39 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane began coverage on GE Aerospace in a report on Tuesday. They set an “underperform” rating on the stock. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $296.13 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $312.36 billion, a P/E ratio of 39.54, a P/E/G ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The stock has a 50 day moving average of $300.80 and a 200-day moving average of $270.17.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the firm posted $1.15 EPS. The company’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. As a group, equities research analysts predict 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. Stockholders of record on Monday, September 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

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.