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Institutional investors boosted GE Aerospace shares after strong earnings and a dividend announcement.
Institutional investors, including Wingate Wealth Advisors, DeDora Capital, and International Assets Investment Management, increased their stakes in GE Aerospace during the second quarter, following strong financial results.
The company reported adjusted earnings of $1.66 per share, surpassing expectations by $0.23, and revenue of $10.15 billion, up 21.2% year-over-year.
GE Aerospace, with a market cap of $318.77 billion, announced a quarterly dividend of $0.36 per share, payable October 27th, and maintains a consensus "Moderate Buy" rating with an average price target of $267.13.
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Los inversores institucionales aumentaron las acciones de GE Aerospace después de fuertes ganancias y un anuncio de dividendos.