Harbor Investment Advisory LLC Has $682,000 Stake in GE Aerospace $GE

Harbor Investment Advisory LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 1.9% during the second quarter, Holdings Channel.com reports. The firm owned 2,650 shares of the company’s stock after buying an additional 50 shares during the period. Harbor Investment Advisory LLC’s holdings in GE Aerospace were worth $682,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GE. GQG Partners LLC acquired a new position in shares of GE Aerospace during the first quarter worth approximately $1,606,840,000. GAMMA Investing LLC lifted its holdings in GE Aerospace by 23,611.7% in the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock valued at $1,013,959,000 after buying an additional 5,044,632 shares during the period. Nuveen LLC acquired a new position in GE Aerospace in the first quarter valued at approximately $777,075,000. Amundi lifted its holdings in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after buying an additional 1,492,486 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Up 0.0%

GE opened at $281.67 on Friday. The firm’s fifty day moving average is $269.33 and its two-hundred day moving average is $233.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap of $298.69 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup restated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. 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. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Finally, Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.92.

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.