Apexium Financial LP Increases Position in GE Aerospace $GE

Apexium Financial LP boosted its position in GE Aerospace (NYSE:GE) by 22.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,933 shares of the company’s stock after buying an additional 359 shares during the quarter. Apexium Financial LP’s holdings in GE Aerospace were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Brighton Jones LLC increased its holdings 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 buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Beacon Financial Group bought a new stake in GE Aerospace in the first quarter valued at about $219,000. Vest Financial LLC increased its holdings in GE Aerospace by 569.5% in the first quarter. Vest Financial LLC now owns 62,992 shares of the company’s stock valued at $12,608,000 after buying an additional 53,583 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its holdings in GE Aerospace by 73.2% in the first quarter. Signal Advisors Wealth LLC now owns 2,480 shares of the company’s stock valued at $496,000 after buying an additional 1,048 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Barclays boosted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup reaffirmed a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $297.40 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The firm has a market capitalization of $315.38 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The business has a 50 day simple moving average of $280.65 and a 200 day simple moving average of $244.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter 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. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

About GE Aerospace

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.