Orion Porfolio Solutions LLC Acquires 7,179 Shares of GE Aerospace $GE

Orion Porfolio Solutions LLC boosted its holdings in GE Aerospace (NYSE:GE) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,519 shares of the company’s stock after buying an additional 7,179 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in GE Aerospace were worth $15,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of GE Aerospace by 137.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,092 shares of the company’s stock valued at $819,000 after buying an additional 2,369 shares during the period. Horizon Investments LLC boosted its stake in shares of GE Aerospace by 1.8% in the 1st quarter. Horizon Investments LLC now owns 18,170 shares of the company’s stock worth $3,637,000 after buying an additional 326 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of GE Aerospace by 25.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,932 shares of the company’s stock worth $1,988,000 after acquiring an additional 2,024 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 4.1%

GE Aerospace stock opened at $300.23 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The firm has a market capitalization of $316.69 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.33 and a beta of 1.40. The firm has a 50 day moving average of $299.55 and a 200 day moving average of $278.24. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wolfe Research increased their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Citigroup began coverage on shares of GE Aerospace in a research report on Thursday. They set a “buy” rating and a $386.00 target price for the company. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

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.