AlphaCore Capital LLC Raises Stock Holdings in GE Aerospace $GE

AlphaCore Capital LLC boosted its position in shares of GE Aerospace (NYSE:GE) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,399 shares of the company’s stock after buying an additional 1,066 shares during the quarter. AlphaCore Capital LLC’s holdings in GE Aerospace were worth $4,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings 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 purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. Venturi Wealth Management LLC grew its position in shares of GE Aerospace by 11.0% in the 1st quarter. Venturi Wealth Management LLC now owns 3,242 shares of the company’s stock worth $649,000 after buying an additional 320 shares during the last quarter. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $28,000. Finally, Pinnacle Associates Ltd. increased its stake in shares of GE Aerospace by 7.4% during the first quarter. Pinnacle Associates Ltd. now owns 23,214 shares of the company’s stock valued at $4,646,000 after buying an additional 1,601 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE opened at $287.29 on Friday. The firm has a fifty day simple moving average of $301.45 and a two-hundred day simple moving average of $271.08. The firm has a market cap of $303.04 billion, a PE ratio of 38.36, a P/E/G ratio of 3.09 and a beta of 1.56. 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 has a 1-year low of $159.36 and a 1-year high of $316.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) 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 return on equity of 34.01% and a net margin of 18.34%.The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GE. JPMorgan Chase & Co. raised their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday. BNP Paribas Exane began coverage on shares of GE Aerospace in a research note on Tuesday. They set an “underperform” rating on the stock. Wolfe Research boosted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is owned by insiders.

GE Aerospace Profile

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.