Vicus Capital Purchases 1,468 Shares of GE Aerospace $GE

Vicus Capital grew its position in shares of GE Aerospace (NYSE:GE) by 95.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,004 shares of the company’s stock after buying an additional 1,468 shares during the quarter. Vicus Capital’s holdings in GE Aerospace were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Naples Global Advisors LLC grew its stake in GE Aerospace by 13.0% during the second quarter. Naples Global Advisors LLC now owns 1,691 shares of the company’s stock worth $435,000 after buying an additional 195 shares during the last quarter. Pure Financial Advisors LLC grew its stake in shares of GE Aerospace by 14.2% during the second quarter. Pure Financial Advisors LLC now owns 4,135 shares of the company’s stock valued at $1,064,000 after purchasing an additional 515 shares during the last quarter. RKL Wealth Management LLC grew its stake in shares of GE Aerospace by 7.4% during the second quarter. RKL Wealth Management LLC now owns 1,091 shares of the company’s stock valued at $281,000 after purchasing an additional 75 shares during the last quarter. Precision Wealth Strategies LLC grew its stake in shares of GE Aerospace by 11.4% during the second quarter. Precision Wealth Strategies LLC now owns 21,244 shares of the company’s stock valued at $5,468,000 after purchasing an additional 2,170 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC grew its stake in shares of GE Aerospace by 17.8% during the second quarter. Mountain Pacific Investment Advisers LLC now owns 1,342 shares of the company’s stock valued at $345,000 after purchasing an additional 203 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Citigroup reissued a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group raised their price objective 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. Eleven equities 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 $241.92.

GE Aerospace Trading Up 0.2%

Shares of NYSE:GE opened at $301.41 on Thursday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s fifty day simple moving average is $279.49 and its 200 day simple moving average is $242.61. The firm has a market cap of $319.63 billion, a price-to-earnings ratio of 42.04, a PEG ratio of 3.24 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

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.