Tounjian Advisory Partners LLC Sells 590 Shares of GE Aerospace $GE

Tounjian Advisory Partners LLC reduced its holdings in shares of GE Aerospace (NYSE:GE) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,858 shares of the company’s stock after selling 590 shares during the period. GE Aerospace comprises approximately 1.3% of Tounjian Advisory Partners LLC’s portfolio, making the stock its 15th biggest holding. Tounjian Advisory Partners LLC’s holdings in GE Aerospace were worth $7,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. Putney Financial Group LLC bought a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during 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 period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $293.01 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a P/E/G ratio of 3.09 and a beta of 1.48. The business has a fifty day simple moving average of $271.00 and a two-hundred day simple moving average of $235.11. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $294.74.

GE Aerospace (NYSE:GE) last announced 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 business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The company’s revenue for the quarter 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, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. 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%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Citigroup reissued a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Company 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.