United Asset Strategies Inc. Has $791,000 Stock Position in GE Aerospace $GE

United Asset Strategies Inc. increased its position in shares of GE Aerospace (NYSE:GE) by 179.7% during the first quarter, Holdings Channel reports. The fund owned 2,789 shares of the company’s stock after acquiring an additional 1,792 shares during the quarter. United Asset Strategies Inc.’s holdings in GE Aerospace were worth $791,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GE. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace in the fourth quarter worth $25,000. Ankerstar Wealth LLC acquired a new stake in GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the 4th quarter worth about $32,000. Lifetime Wealth Management P.C. purchased a new position in GE Aerospace during the 4th quarter valued at about $40,000. Finally, Beaird Harris Wealth Management LLC grew its stake in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $366.64 on Wednesday. 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 one year low of $243.34 and a one year high of $382.97. The company’s fifty day moving average price is $326.39 and its 200 day moving average price is $316.19. The company has a market capitalization of $382.53 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 3.36 and a beta of 1.35.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, analysts expect that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio is presently 23.15%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Seaport Research Partners started coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price target on the stock. Wells Fargo & Company began coverage on GE Aerospace in a report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. TD Cowen reduced their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $357.56.

About GE Aerospace

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.