Childress Capital Advisors LLC Purchases 454 Shares of GE Aerospace $GE

Childress Capital Advisors LLC boosted its position in GE Aerospace (NYSE:GE) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,819 shares of the company’s stock after purchasing an additional 454 shares during the period. Childress Capital Advisors LLC’s holdings in GE Aerospace were worth $983,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management raised its position in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. bought a new position in GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the first quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC bought a new position in GE Aerospace in the first quarter valued at about $33,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $301.18 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $278.71 and a two-hundred day moving average price of $242.20. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The company has a market cap of $319.38 billion, a P/E ratio of 42.01, a PEG ratio of 3.16 and a beta of 1.48.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $1.20 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Analyst Ratings Changes

Several research firms have commented on GE. Citigroup reiterated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

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.