GE Aerospace $GE Shares Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its holdings in GE Aerospace (NYSE:GE) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,119 shares of the company’s stock after acquiring an additional 43 shares during the period. Tyche Wealth Partners LLC’s holdings in GE Aerospace were worth $803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the 1st quarter worth $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 buying an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new position in GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the first quarter worth about $30,000. Finally, First Pacific Financial increased its position in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GE. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Citigroup reaffirmed a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

GE Aerospace Trading Up 0.4%

GE opened at $298.16 on Tuesday. The business has a fifty day moving average price of $281.20 and a 200 day moving average price of $245.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The stock has a market capitalization of $316.18 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) 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 business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s quarterly revenue 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 expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders 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 yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is 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.