Investment Advisory Group LLC Acquires New Position in GE Aerospace $GE

Investment Advisory Group LLC acquired a new stake in GE Aerospace (NYSE:GE) in the second quarter, Holdings Channel reports. The firm acquired 913 shares of the company’s stock, valued at approximately $235,000.

A number of other large investors have also recently made changes to their positions in GE. Brighton Jones LLC increased its stake in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its stake 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 purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC increased its stake in GE Aerospace by 18.5% in the first quarter. GAMMA Investing LLC now owns 25,311 shares of the company’s stock valued at $5,066,000 after purchasing an additional 3,946 shares during the last quarter. NorthCrest Asset Manangement LLC increased its stake in GE Aerospace by 181.6% in the first quarter. NorthCrest Asset Manangement LLC now owns 6,623 shares of the company’s stock valued at $1,326,000 after purchasing an additional 4,271 shares during the last quarter. Finally, West Branch Capital LLC increased its stake in GE Aerospace by 406.5% in the first quarter. West Branch Capital LLC now owns 3,419 shares of the company’s stock valued at $684,000 after purchasing an additional 2,744 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $291.96 on Friday. The company has a market capitalization of $309.61 billion, a P/E ratio of 40.72, a PEG ratio of 3.14 and a beta of 1.49. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The business has a 50 day simple moving average of $283.44 and a 200-day simple moving average of $247.38. 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 (NYSE:GE) last issued its quarterly 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday. Finally, Jefferies Financial Group increased their price objective 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.31.

GE Aerospace 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.