Howe & Rusling Inc. Increases Stock Holdings in GE Aerospace $GE

Howe & Rusling Inc. lifted its stake in shares of GE Aerospace (NYSE:GE) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,021 shares of the company’s stock after buying an additional 218 shares during the quarter. Howe & Rusling Inc.’s holdings in GE Aerospace were worth $805,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% during 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. purchased a new stake in shares of GE Aerospace during the 1st quarter valued at about $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GE shares. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Price Performance

Shares of GE opened at $281.67 on Friday. The firm has a market cap of $298.69 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 3.03 and a beta of 1.48. The stock has a 50 day moving average of $269.33 and a 200-day moving average of $233.70. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $286.91.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

About GE Aerospace

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.