Kingswood Wealth Advisors LLC Decreases Holdings in GE Aerospace $GE

Kingswood Wealth Advisors LLC trimmed its holdings in shares of GE Aerospace (NYSE:GE) by 55.4% in the second quarter, Holdings Channel reports. The firm owned 7,664 shares of the company’s stock after selling 9,508 shares during the period. Kingswood Wealth Advisors LLC’s holdings in GE Aerospace were worth $1,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC boosted its position in GE Aerospace by 1.9% during the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after purchasing an additional 39 shares during the period. Webster Bank N. A. boosted its position in GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after purchasing an additional 41 shares during the period. Pacific Sage Partners LLC boosted its position in GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after purchasing an additional 41 shares during the period. Ascent Capital Management LLC boosted its position in GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after buying an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its position in GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock valued at $810,000 after buying an additional 43 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on GE. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $302.12 on Wednesday. The firm has a market cap of $320.37 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 3.21 and a beta of 1.49. The firm’s 50-day simple moving average is $281.84 and its 200-day simple moving average is $245.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The business 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 company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced 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. 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 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.