NORTHSTAR ASSET MANAGEMENT Co Has $550,000 Stock Holdings in GE Aerospace $GE

NORTHSTAR ASSET MANAGEMENT Co raised its stake in GE Aerospace (NYSE:GE) by 4.9% in the second quarter, Holdings Channel reports. The firm owned 2,135 shares of the company’s stock after acquiring an additional 100 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in GE Aerospace were worth $550,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. grew its stake in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after purchasing an additional 331 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after acquiring an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new position in shares of GE Aerospace during the 1st quarter worth approximately $203,000. Concurrent Investment Advisors LLC boosted its stake in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after acquiring an additional 8,245 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of GE Aerospace by 7.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after acquiring an additional 11,873 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

GE Aerospace stock opened at $303.97 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.53. The stock has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 3.18 and a beta of 1.49. The stock has a fifty day moving average of $289.19 and a 200-day moving average of $254.75.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data 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 business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday. Citigroup reiterated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. TD Cowen lifted their target price on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, Sanford C. Bernstein lifted their target price on GE Aerospace from $343.00 to $374.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $284.27.

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.