Peak Financial Management Inc. Has $417,000 Stock Holdings in GE Aerospace $GE

Peak Financial Management Inc. lessened its stake in GE Aerospace (NYSE:GE) by 13.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,621 shares of the company’s stock after selling 250 shares during the quarter. Peak Financial Management Inc.’s holdings in GE Aerospace were worth $417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GE. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management increased its holdings in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the first quarter valued at about $30,000. Finally, First Pacific Financial increased its holdings in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.31.

GE Aerospace Trading Up 0.3%

NYSE GE opened at $302.56 on Thursday. The company has a market cap of $320.85 billion, a PE ratio of 42.20, a PEG ratio of 3.25 and a beta of 1.49. 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 12 month low of $159.36 and a 12 month high of $307.25. The stock has a 50 day moving average of $282.43 and a 200-day moving average of $245.94.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The firm’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. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. 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.