GE Aerospace $GE Position Cut by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its holdings in GE Aerospace (NYSE:GE) by 8.3% during the 2nd quarter, Holdings Channel reports. The fund owned 12,702 shares of the company’s stock after selling 1,143 shares during the quarter. Wedbush Securities Inc.’s holdings in GE Aerospace were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GE. Brighton Jones LLC grew its position in GE Aerospace by 25.3% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC raised 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 worth $375,000 after buying an additional 150 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of GE Aerospace by 13.3% in the first quarter. Leavell Investment Management Inc. now owns 13,001 shares of the company’s stock valued at $2,606,000 after acquiring an additional 1,529 shares in the last quarter. CFO4Life Group LLC acquired a new position in shares of GE Aerospace during the first quarter valued at approximately $265,000. Finally, Allworth Financial LP raised its holdings in GE Aerospace by 132.5% during the first quarter. Allworth Financial LP now owns 58,557 shares of the company’s stock worth $11,560,000 after purchasing an additional 33,375 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.7%

Shares of GE Aerospace stock opened at $307.28 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The firm has a market capitalization of $324.13 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $296.88 and its 200-day moving average is $264.04.

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

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on GE. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

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.