Decker Retirement Planning Inc. Buys 14,247 Shares of GE Aerospace $GE

by · The Cerbat Gem

Decker Retirement Planning Inc. increased its stake in GE Aerospace (NYSE:GE – Free Report) by 7,538.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,436 shares of the company’s stock after purchasing an additional 14,247 shares during the period. GE Aerospace makes up 2.2% of Decker Retirement Planning Inc.’s holdings, making the stock its 12th biggest holding. Decker Retirement Planning Inc.’s holdings in GE Aerospace were worth $3,716,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GE. True Wealth Design LLC grew its stake in GE Aerospace by 51.0% during the second quarter. True Wealth Design LLC now owns 1,042 shares of the company’s stock worth $268,000 after buying an additional 352 shares in the last quarter. Bensler LLC lifted its holdings in shares of GE Aerospace by 6.6% during the 2nd quarter. Bensler LLC now owns 1,122 shares of the company’s stock worth $289,000 after acquiring an additional 69 shares during the period. AE Wealth Management LLC boosted its position in shares of GE Aerospace by 7.8% during the 2nd quarter. AE Wealth Management LLC now owns 111,497 shares of the company’s stock worth $28,698,000 after acquiring an additional 8,071 shares in the last quarter. Stokes Family Office LLC bought a new position in GE Aerospace in the second quarter valued at approximately $221,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in GE Aerospace by 39.7% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 767 shares of the company’s stock valued at $197,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Bank of America upped their price objective on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Jefferies Financial Group raised their price target 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. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.27.

Check Out Our Latest Report on GE Aerospace

GE Aerospace Price Performance

Shares of GE opened at $307.28 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The business has a 50-day simple moving average of $296.88 and a two-hundred day simple moving average of $264.04. 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 stock has a market cap of $324.13 billion, a PE ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating 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 firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is 19.23%.

GE Aerospace Profile

(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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