Savant Capital LLC Increases Holdings in GE Aerospace $GE

Savant Capital LLC increased its position in GE Aerospace (NYSE:GE) by 21.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,213 shares of the company’s stock after acquiring an additional 14,315 shares during the period. Savant Capital LLC’s holdings in GE Aerospace were worth $21,161,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after acquiring an additional 150 shares during the period. Stratos Investment Management LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth $237,000. Cornerstone Planning Group LLC increased its stake in shares of GE Aerospace by 46.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 326 shares of the company’s stock worth $63,000 after purchasing an additional 104 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in GE Aerospace by 6.4% in the 1st quarter. Rehmann Capital Advisory Group now owns 4,367 shares of the company’s stock worth $874,000 after purchasing an additional 261 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $305.37 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The business has a 50 day simple moving average of $296.24 and a two-hundred day simple moving average of $263.15. The stock has a market capitalization of $322.11 billion, a PE ratio of 40.77, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group raised their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Wolfe Research lifted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

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.