GE Aerospace $GE Shares Acquired by Brookstone Capital Management

by · The Cerbat Gem

Brookstone Capital Management boosted its stake in GE Aerospace (NYSE:GE – Free Report) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,856 shares of the company’s stock after buying an additional 531 shares during the period. Brookstone Capital Management’s holdings in GE Aerospace were worth $5,625,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. OMC Financial Services LTD bought a new position in shares of GE Aerospace during the second quarter worth about $221,000. Jacobsen Capital Management grew its position in GE Aerospace by 12.4% in the 2nd quarter. Jacobsen Capital Management now owns 2,263 shares of the company’s stock worth $582,000 after purchasing an additional 250 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of GE Aerospace in the second quarter valued at approximately $1,286,000. D.A. Davidson & CO. raised its holdings in shares of GE Aerospace by 8.1% during the second quarter. D.A. Davidson & CO. now owns 39,017 shares of the company’s stock valued at $10,043,000 after buying an additional 2,907 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of GE Aerospace by 3.1% during the second quarter. Cullen Frost Bankers Inc. now owns 96,516 shares of the company’s stock valued at $24,842,000 after buying an additional 2,865 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $306.26 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53. The firm has a market cap of $323.05 billion, a P/E ratio of 40.89, a PEG ratio of 3.11 and a beta of 1.49. The stock has a fifty day moving average price of $288.46 and a two-hundred day moving average price of $253.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08.

GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GE. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $284.27.

Check Out Our Latest Report on GE Aerospace

About GE Aerospace

(Free Report)

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.

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