Courier Capital LLC Purchases 652 Shares of GE Aerospace $GE

Courier Capital LLC grew its position in GE Aerospace (NYSE:GE) by 8.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,981 shares of the company’s stock after purchasing an additional 652 shares during the quarter. Courier Capital LLC’s holdings in GE Aerospace were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. grew its position in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after purchasing an additional 331 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new stake in GE Aerospace during the 1st quarter valued at approximately $203,000. Concurrent Investment Advisors LLC lifted its holdings in shares of GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after buying an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its holdings in shares of GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock worth $2,751,000 after buying an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Up 0.9%

Shares of NYSE:GE opened at $300.28 on Wednesday. The company has a market cap of $318.43 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 3.20 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. 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 company has a 50-day moving average price of $284.44 and a 200 day moving average price of $248.71.

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

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on GE. The Goldman Sachs Group lifted their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Jefferies Financial Group raised their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $267.13.

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.