GE Aerospace $GE Shares Purchased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its position in shares of GE Aerospace (NYSE:GE) by 105.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,241 shares of the company’s stock after acquiring an additional 3,206 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in GE Aerospace were worth $1,606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GE. GQG Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $1,606,840,000. Nuveen LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $777,075,000. Amundi boosted its holdings in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of GE Aerospace by 7,406.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after purchasing an additional 1,196,060 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $309.76 on Wednesday. The company’s fifty day simple moving average is $290.96 and its 200-day simple moving average is $257.59. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. 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 $326.74 billion, a PE ratio of 41.36, a P/E/G ratio of 3.17 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group lifted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

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.