GE Aerospace $GE Shares Bought by Park Edge Advisors LLC

Park Edge Advisors LLC raised its holdings in GE Aerospace (NYSE:GE) by 31.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,565 shares of the company’s stock after acquiring an additional 1,583 shares during the period. Park Edge Advisors LLC’s holdings in GE Aerospace were worth $1,690,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GE. Putney Financial Group LLC acquired a new stake in GE Aerospace in the 4th quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at about $29,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $281.67 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $298.69 billion, a P/E ratio of 39.28, a PEG ratio of 3.03 and a beta of 1.48. The company has a 50 day moving average price of $269.33 and a 200 day moving average price of $233.93. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $286.91.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data 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. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

A number of analysts have commented on GE shares. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $232.92.

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.