GE Aerospace $GE Shares Bought by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC lifted its holdings in shares of GE Aerospace (NYSE:GE) by 23.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,226 shares of the company’s stock after buying an additional 420 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in GE Aerospace were worth $550,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GE. Penobscot Investment Management Company Inc. raised its holdings in GE Aerospace by 5.4% during the second quarter. Penobscot Investment Management Company Inc. now owns 8,323 shares of the company’s stock worth $2,142,000 after purchasing an additional 425 shares in the last quarter. Yoder Wealth Management Inc. purchased a new position in GE Aerospace during the second quarter worth about $201,000. AMF Tjanstepension AB increased its holdings in GE Aerospace by 14.9% in the second quarter. AMF Tjanstepension AB now owns 457,850 shares of the company’s stock valued at $117,846,000 after buying an additional 59,298 shares in the last quarter. Apexium Financial LP increased its holdings in GE Aerospace by 22.8% in the second quarter. Apexium Financial LP now owns 1,933 shares of the company’s stock valued at $498,000 after buying an additional 359 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in GE Aerospace by 1.2% in the second quarter. Quent Capital LLC now owns 6,708 shares of the company’s stock valued at $1,727,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.7%

Shares of NYSE GE opened at $297.40 on Friday. The firm has a market cap of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The firm’s 50 day moving average price is $280.65 and its 200 day moving average price is $243.95. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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 analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GE shares. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.92.

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.