GE Aerospace $GE Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its stake in shares of GE Aerospace (NYSE:GE) by 138.1% during the second quarter, Holdings Channel.com reports. The fund owned 6,596 shares of the company’s stock after purchasing an additional 3,826 shares during the period. Simplicity Wealth LLC’s holdings in GE Aerospace were worth $1,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Brighton Jones LLC increased its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares in the last quarter. Procyon Advisors LLC grew its holdings in GE Aerospace by 32.9% during the first quarter. Procyon Advisors LLC now owns 2,992 shares of the company’s stock worth $599,000 after acquiring an additional 741 shares during the period. Impact Capital Partners LLC raised its position in GE Aerospace by 39.1% in the first quarter. Impact Capital Partners LLC now owns 2,741 shares of the company’s stock worth $549,000 after acquiring an additional 771 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in GE Aerospace by 68.2% in the 1st quarter. Sivia Capital Partners LLC now owns 4,146 shares of the company’s stock valued at $830,000 after acquiring an additional 1,681 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GE. Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Citigroup restated a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.92.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $297.40 on Monday. The company’s fifty day moving average is $280.65 and its two-hundred day moving average is $244.50. The company has a market cap of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth 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 quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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, beating analysts’ consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

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.