GE Aerospace $GE Shares Acquired by Clarity Capital Partners LLC

Clarity Capital Partners LLC grew its position in GE Aerospace (NYSE:GE) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 1,773 shares of the company’s stock after acquiring an additional 55 shares during the period. Clarity Capital Partners LLC’s holdings in GE Aerospace were worth $456,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of GE. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management increased its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the first quarter worth about $30,000. Finally, First Pacific Financial grew its holdings in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $297.40 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The stock’s 50 day moving average is $280.65 and its two-hundred day moving average is $243.95. The firm has a market cap of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49.

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

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 20.08%.

Analysts Set New Price Targets

Several analysts recently commented on GE shares. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Jefferies Financial Group raised their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.92.

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.