Western Wealth Management LLC Acquires 684 Shares of GE Aerospace $GE

Western Wealth Management LLC raised its position in shares of GE Aerospace (NYSE:GE) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,041 shares of the company’s stock after acquiring an additional 684 shares during the quarter. Western Wealth Management LLC’s holdings in GE Aerospace were worth $3,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter valued at about $28,000. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $29,000. IMG Wealth Management Inc. boosted its holdings in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the 1st quarter worth about $30,000. Finally, Financial Network Wealth Advisors LLC increased its stake in GE Aerospace by 81.9% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GE. Bank of America upped their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Up 0.1%

Shares of NYSE GE opened at $304.50 on Friday. The company has a market cap of $321.19 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average is $299.92 and its 200 day moving average is $268.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid 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 was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

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.