Leslie Global Wealth LLC Buys Shares of 973 GE Aerospace $GE

Leslie Global Wealth LLC purchased a new position in shares of GE Aerospace (NYSE:GE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 973 shares of the company’s stock, valued at approximately $250,000.

Other large investors have also made changes to their positions in the company. Stablepoint Partners LLC increased its holdings in shares of GE Aerospace by 6.5% in the second quarter. Stablepoint Partners LLC now owns 1,859 shares of the company’s stock worth $478,000 after acquiring an additional 114 shares in the last quarter. West Family Investments Inc. increased its stake in GE Aerospace by 95.6% during the 2nd quarter. West Family Investments Inc. now owns 3,971 shares of the company’s stock worth $1,022,000 after purchasing an additional 1,941 shares in the last quarter. Williamson Legacy Group LLC increased its stake in GE Aerospace by 0.9% during the 2nd quarter. Williamson Legacy Group LLC now owns 6,383 shares of the company’s stock worth $1,643,000 after purchasing an additional 60 shares in the last quarter. Wealthquest Corp raised its holdings in GE Aerospace by 74.1% during the 2nd quarter. Wealthquest Corp now owns 5,142 shares of the company’s stock worth $1,324,000 after buying an additional 2,188 shares during the period. Finally, Schroder Investment Management Group lifted its stake in GE Aerospace by 23.0% in the second quarter. Schroder Investment Management Group now owns 1,798,868 shares of the company’s stock valued at $463,011,000 after buying an additional 336,363 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $298.27 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock’s 50-day simple moving average is $301.68 and its 200 day simple moving average is $274.31. The company has a market cap of $314.62 billion, a P/E ratio of 39.82, a P/E/G ratio of 3.09 and a beta of 1.56. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada boosted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $301.27.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

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.