Aspiriant LLC Decreases Stake in GE Aerospace $GE

Aspiriant LLC lowered its holdings in GE Aerospace (NYSE:GE) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,662 shares of the company’s stock after selling 525 shares during the quarter. Aspiriant LLC’s holdings in GE Aerospace were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. RWQ Financial Management Services Inc. raised its stake in shares of GE Aerospace by 157.1% in the second quarter. RWQ Financial Management Services Inc. now owns 85,025 shares of the company’s stock worth $21,885,000 after purchasing an additional 51,950 shares during the last quarter. Kanawha Capital Management LLC raised its stake in shares of GE Aerospace by 0.6% in the second quarter. Kanawha Capital Management LLC now owns 10,546 shares of the company’s stock worth $2,714,000 after purchasing an additional 67 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of GE Aerospace by 7.1% in the second quarter. Stratos Wealth Partners LTD. now owns 18,033 shares of the company’s stock worth $4,642,000 after purchasing an additional 1,199 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of GE Aerospace by 37.1% in the second quarter. Stratos Wealth Advisors LLC now owns 5,359 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of GE Aerospace by 7.5% in the second quarter. Private Trust Co. NA now owns 4,905 shares of the company’s stock worth $1,262,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $300.60 on Friday. The stock has a 50-day simple moving average of $286.07 and a two-hundred day simple moving average of $250.42. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market capitalization of $318.77 billion, a PE ratio of 41.92, a P/E/G ratio of 3.23 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its quarterly 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. 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 quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared 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. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock 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. Finally, UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

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.