WBI Investments LLC Invests $1.66 Million in GE Aerospace $GE

WBI Investments LLC bought a new position in shares of GE Aerospace (NYSE:GE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,276 shares of the company’s stock, valued at approximately $1,656,000.

Several other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in GE Aerospace by 8.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,749 shares of the company’s stock worth $1,751,000 after purchasing an additional 671 shares in the last quarter. Acorns Advisers LLC raised its holdings in GE Aerospace by 5.1% during the first quarter. Acorns Advisers LLC now owns 2,201 shares of the company’s stock worth $441,000 after purchasing an additional 106 shares in the last quarter. Focus Partners Wealth raised its holdings in GE Aerospace by 20.7% during the first quarter. Focus Partners Wealth now owns 152,957 shares of the company’s stock worth $30,615,000 after purchasing an additional 26,261 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in GE Aerospace during the first quarter worth about $67,000. Finally, Integrity Alliance LLC. purchased a new position in GE Aerospace during the first quarter worth about $649,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 2.5%

Shares of GE Aerospace stock opened at $283.13 on Thursday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $284.41. 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 stock has a market cap of $300.25 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48. The company has a 50-day moving average of $267.93 and a two-hundred day moving average of $232.56.

GE Aerospace (NYSE:GE) last issued its earnings results 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 net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue 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, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Analyst Ratings Changes

Several research firms recently issued reports on GE. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.