Precision Wealth Strategies LLC Has $7.90 Million Stock Holdings in GE Aerospace $GE

Precision Wealth Strategies LLC raised its holdings in shares of GE Aerospace (NYSE:GE) by 23.6% during the third quarter, HoldingsChannel.com reports. The firm owned 26,264 shares of the company’s stock after acquiring an additional 5,020 shares during the quarter. GE Aerospace makes up 2.6% of Precision Wealth Strategies LLC’s portfolio, making the stock its 7th biggest position. Precision Wealth Strategies LLC’s holdings in GE Aerospace were worth $7,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Axiom Investors LLC DE bought a new stake in GE Aerospace in the first quarter valued at about $97,569,000. Redwood Investment Management LLC acquired a new position in GE Aerospace in the first quarter valued at about $297,000. Finally, Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at about $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. 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. Bank of America boosted their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Citigroup began coverage on shares of GE Aerospace in a research report on Thursday, December 11th. They issued a “buy” rating and a $386.00 price objective for the company. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $309.94.

Insider Activity

In related news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 0.3%

Shares of NYSE:GE opened at $316.48 on Friday. The firm has a market cap of $333.83 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.45 and a beta of 1.40. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $317.75. The company’s fifty day simple moving average is $301.02 and its 200 day simple moving average is $281.70. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last announced 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. 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%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

GE Aerospace Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.