Galvin Gaustad & Stein LLC Purchases 19,018 Shares of GE Aerospace $GE

Galvin Gaustad & Stein LLC raised its position in shares of GE Aerospace (NYSE:GE) by 26.8% in the second quarter, HoldingsChannel reports. The firm owned 89,940 shares of the company’s stock after acquiring an additional 19,018 shares during the period. GE Aerospace comprises about 2.0% of Galvin Gaustad & Stein LLC’s investment portfolio, making the stock its 13th largest holding. Galvin Gaustad & Stein LLC’s holdings in GE Aerospace were worth $23,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management boosted its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the 1st quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the 1st quarter worth about $33,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $299.18 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The business has a 50-day moving average price of $282.99 and a 200 day moving average price of $246.55. The firm has a market cap of $317.26 billion, a PE ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $9.49 billion. During the same quarter in the previous year, the business earned $1.20 EPS. GE Aerospace’s revenue for the quarter 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. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on GE shares. Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $251.31.

GE Aerospace Company 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.