MADDEN SECURITIES Corp Raises Stock Position in GE Aerospace $GE

MADDEN SECURITIES Corp boosted its position in GE Aerospace (NYSE:GE) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,895 shares of the company’s stock after purchasing an additional 90 shares during the quarter. MADDEN SECURITIES Corp’s holdings in GE Aerospace were worth $745,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Old North State Wealth Management LLC boosted its stake in GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock valued at $542,000 after buying an additional 39 shares during the period. Webster Bank N. A. raised its holdings in shares of GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after acquiring an additional 41 shares in the last quarter. Pacific Sage Partners LLC boosted its position in shares of GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after acquiring an additional 41 shares during the last quarter. Ascent Capital Management LLC grew its holdings in shares of GE Aerospace by 1.9% during the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock worth $585,000 after purchasing an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. grew its holdings in shares of GE Aerospace by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock worth $810,000 after purchasing an additional 43 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

GE stock opened at $298.16 on Tuesday. The firm has a market cap of $316.18 billion, a P/E ratio of 41.58, a P/E/G ratio of 3.20 and a beta of 1.49. The firm’s fifty day moving average is $281.20 and its 200 day moving average is $245.15. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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 analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The company’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. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

GE has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target 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 price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. UBS Group raised their price target 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, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

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.