waypoint wealth counsel Acquires 338 Shares of GE Aerospace $GE

waypoint wealth counsel lifted its holdings in shares of GE Aerospace (NYSE:GE) by 23.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,752 shares of the company’s stock after purchasing an additional 338 shares during the period. waypoint wealth counsel’s holdings in GE Aerospace were worth $451,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Ameriflex Group Inc. grew its stake in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after purchasing an additional 331 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after buying an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace in the first quarter valued at about $203,000. Concurrent Investment Advisors LLC increased its position in GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after purchasing an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC increased its position in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock worth $2,751,000 after purchasing an additional 9,580 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 2.5%

GE Aerospace stock opened at $291.96 on Friday. The company’s 50 day simple moving average is $283.44 and its 200 day simple moving average is $247.38. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The firm has a market capitalization of $309.61 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 3.14 and a beta of 1.49. 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 announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on GE. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $251.31.

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.