RFG Advisory LLC Has $3.70 Million Stock Holdings in GE Aerospace $GE

RFG Advisory LLC grew its holdings in GE Aerospace (NYSE:GE) by 3.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 14,384 shares of the company’s stock after acquiring an additional 531 shares during the period. RFG Advisory LLC’s holdings in GE Aerospace were worth $3,702,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. GQG Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth about $1,606,840,000. Nuveen LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth about $777,075,000. Amundi grew its holdings in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of GE Aerospace by 7,406.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after purchasing an additional 1,196,060 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup reissued a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wolfe Research increased their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $267.13.

GE Aerospace Stock Up 0.9%

Shares of NYSE GE opened at $300.28 on Wednesday. The firm has a market capitalization of $318.43 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. 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 1 year low of $159.36 and a 1 year high of $307.25. The firm’s 50-day moving average is $284.44 and its 200-day moving average is $248.71.

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 the consensus estimate of $1.43 by $0.23. The company 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 last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given 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 (DPR) is currently 20.08%.

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.