Ashton Thomas Private Wealth LLC Lowers Stake in GE Aerospace $GE

Ashton Thomas Private Wealth LLC lessened its holdings in GE Aerospace (NYSE:GE) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,543 shares of the company’s stock after selling 308 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in GE Aerospace were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth $28,000. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at $29,000. IMG Wealth Management Inc. increased its stake in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after purchasing an additional 59 shares during the period. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the first quarter worth about $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of GE opened at $313.92 on Thursday. The firm’s 50 day moving average is $291.90 and its 200-day moving average is $258.52. The stock has a market capitalization of $331.13 billion, a P/E ratio of 41.91, a P/E/G ratio of 3.04 and a beta of 1.49. 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 12-month low of $159.36 and a 12-month high of $316.67.

GE Aerospace (NYSE:GE) last announced its 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. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same period last year, the company posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on GE shares. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. TD Cowen boosted their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. 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.com, the stock has an average rating of “Moderate Buy” and an average target price 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.