792 Shares in GE Aerospace $GE Acquired by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. acquired a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 792 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth about $1,606,840,000. Nuveen LLC purchased a new position in GE Aerospace during the 1st quarter valued at about $777,075,000. Amundi raised its position in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% in the first 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 in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of GE Aerospace by 7,406.4% in the first 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 in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $304.15 on Friday. The stock has a market capitalization of $320.82 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The stock’s fifty day simple moving average is $299.42 and its 200-day simple moving average is $267.21.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

GE has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. 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 report on Monday, October 27th. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

About GE Aerospace

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.