842 Shares in GE Aerospace $GE Acquired by Fonville Wealth Management LLC

Fonville Wealth Management LLC bought a new stake in shares of GE Aerospace (NYSE:GE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 842 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds also recently bought and sold shares of the company. Terril Brothers Inc. boosted its stake in shares of GE Aerospace by 2.7% during the second quarter. Terril Brothers Inc. now owns 1,406 shares of the company’s stock valued at $362,000 after acquiring an additional 37 shares during the last quarter. Old North State Wealth Management LLC lifted its holdings in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after purchasing an additional 39 shares in the last quarter. Stephens Consulting LLC lifted its holdings in GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company’s stock valued at $66,000 after purchasing an additional 39 shares in the last quarter. Webster Bank N. A. boosted its stake in shares of GE Aerospace by 2.1% during the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock worth $507,000 after purchasing an additional 41 shares during the last quarter. Finally, Pacific Sage Partners LLC grew its holdings in shares of GE Aerospace by 3.5% during the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock worth $314,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GE. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Up 0.7%

Shares of NYSE GE opened at $307.28 on Friday. The stock has a market capitalization of $324.13 billion, a PE ratio of 41.03, a P/E/G 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 firm has a fifty day moving average of $296.88 and a 200-day moving average of $264.57. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

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

GE Aerospace Dividend Announcement

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

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.