Clarion Wealth Managment Partners LLC Acquires Shares of 3,123 GE Aerospace $GE

Clarion Wealth Managment Partners LLC acquired a new stake in shares of GE Aerospace (NYSE:GE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,123 shares of the company’s stock, valued at approximately $804,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup assumed coverage on shares of GE Aerospace in a report on Thursday. They issued a “buy” rating and a $386.00 price target on the stock. Bank of America boosted their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Royal Bank Of Canada raised their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Sixteen investment 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. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $309.94.

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value 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. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

GE Aerospace Price Performance

GE opened at $300.23 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company has a market cap of $316.69 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.33 and a beta of 1.40. The stock has a fifty day simple moving average of $299.55 and a two-hundred day simple moving average of $278.24. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67.

GE Aerospace (NYSE:GE) last released its 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 firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

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.