Avantax Planning Partners Inc. raised its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 172.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,795 shares of the company’s stock after acquiring an additional 3,667 shares during the quarter. Avantax Planning Partners Inc.’s holdings in GE Aerospace were worth $1,645,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $32,000. Lifetime Wealth Management P.C. purchased a new position in GE Aerospace in the 4th quarter worth approximately $40,000. Finally, Legacy Bridge LLC boosted its stake in GE Aerospace by 3,375.0% in the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock worth $43,000 after purchasing an additional 135 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
GE Aerospace Stock Performance
NYSE GE opened at $353.21 on Wednesday. The stock has a market capitalization of $368.52 billion, a PE ratio of 43.50, a P/E/G ratio of 3.13 and a beta of 1.35. The business has a 50 day simple moving average of $333.33 and a two-hundred day simple moving average of $317.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97.
GE Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Analysts expect GE Aerospace to report another solid quarter, with demand staying strong in commercial aviation and defense, which could reinforce the company’s growth story if results meet or beat expectations. Q2 Results for GE Aerospace Are Set to Be Strong, But a High Valuation Could Cap the Rally in GE Stock
- Positive Sentiment: GE Aerospace’s long-term rally remains supported by robust orders and broader aerospace outperformance, helping keep investor sentiment constructive ahead of earnings. Missed GE’s Aerospace Rally? XLI Holders Made More Money
- Positive Sentiment: HAL’s receipt of another GE engine for Tejas Mk1A fighters suggests continued demand and progress on aerospace engine deliveries, a small but supportive signal for GE’s defense-related business. HAL receives seventh GE engine for Tejas Mk-1A fighters
- Neutral Sentiment: Several previews ahead of earnings highlight expected EPS of about $1.86 on revenue near $11.9 billion, signaling that investors are focused on whether GE can justify its premium valuation. Is GE Aerospace Stock Worth Buying Ahead of Q2 Earnings Release?
- Neutral Sentiment: Options activity in GE HealthCare and broader aerospace/defense commentary may reflect sector trading interest, but it does not directly change the near-term outlook for GE Aerospace. Do Options Traders Know Something About GE HealthCare Stock We Don’t?
- Negative Sentiment: Multiple reports warn that GE Aerospace’s rich valuation could limit further upside unless upcoming earnings provide a clear beat and upbeat guidance. GE Aerospace stock faces valuation concerns as earnings loom
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Tuesday. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BNP Paribas Exane dropped their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, President Capital decreased their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $363.11.
Check Out Our Latest Stock Report on GE Aerospace
GE Aerospace Company Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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