WealthCare Asset Management LLC Buys 2,355 Shares of GE Aerospace $GE

WealthCare Asset Management LLC bought a new stake in GE Aerospace (NYSE:GE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,355 shares of the company’s stock, valued at approximately $735,000.

Other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC grew its stake in shares of GE Aerospace by 3.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 10,990 shares of the company’s stock worth $3,432,000 after acquiring an additional 369 shares during the period. Westover Capital Advisors LLC increased its holdings in GE Aerospace by 19.8% in the 3rd quarter. Westover Capital Advisors LLC now owns 1,652 shares of the company’s stock worth $516,000 after acquiring an additional 273 shares during the last quarter. Peterson Wealth Services raised its stake in GE Aerospace by 94.7% in the 3rd quarter. Peterson Wealth Services now owns 440 shares of the company’s stock valued at $137,000 after acquiring an additional 214 shares during the period. Leo Wealth LLC bought a new stake in GE Aerospace in the 3rd quarter valued at about $324,000. Finally, Apollon Wealth Management LLC lifted its holdings in GE Aerospace by 0.3% during the third quarter. Apollon Wealth Management LLC now owns 82,947 shares of the company’s stock valued at $25,903,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several analyst reports. Sanford C. Bernstein set a $376.00 price objective on shares of GE Aerospace in a report on Friday. TD Cowen reissued a “buy” rating and set a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday, October 15th. Susquehanna dropped their target price on GE Aerospace from $430.00 to $400.00 and set a “positive” rating on the stock in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada set a $376.00 price target on GE Aerospace in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.45.

GE Aerospace Price Performance

Shares of NYSE GE opened at $288.70 on Tuesday. The firm has a market capitalization of $298.33 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.95 and a beta of 1.38. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $323.58 and its two-hundred day simple moving average is $323.67. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion during the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the company posted $1.66 EPS. As a group, equities analysts anticipate that GE Aerospace will post 8.15 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is currently 21.68%.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.