Realta Investment Advisors Purchases New Shares in GE Aerospace $GE

Realta Investment Advisors purchased a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,900 shares of the company’s stock, valued at approximately $489,000.

Other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management boosted its stake 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 purchasing an additional 142 shares during the period. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $33,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

GE Aerospace stock opened at $297.40 on Friday. 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 has a 52 week low of $159.36 and a 52 week high of $307.25. The stock has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The stock has a fifty day moving average of $280.65 and a 200-day moving average of $244.21.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping 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 company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. GE Aerospace’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, 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 announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. UBS Group upped 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, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.92.

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.