GE Aerospace $GE Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC boosted its stake in GE Aerospace (NYSE:GE) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,335 shares of the company’s stock after acquiring an additional 2,831 shares during the quarter. Krilogy Financial LLC’s holdings in GE Aerospace were worth $6,264,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GE. Putney Financial Group LLC acquired a new stake in GE Aerospace in the 4th quarter valued at $28,000. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management grew its stake 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 period. Nova Wealth Management Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at $29,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Stock Up 1.8%

Shares of NYSE:GE opened at $286.86 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market capitalization of $304.20 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The firm’s 50-day moving average is $270.09 and its two-hundred day moving average is $234.71. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $287.11.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The business’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. Analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders 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 payout ratio is currently 20.08%.

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.