Mizuho Securities Co. Ltd. Acquires Shares of 400 GE Aerospace $GE

Mizuho Securities Co. Ltd. purchased a new position in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 400 shares of the company’s stock, valued at approximately $103,000.

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. increased its holdings in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares in the last quarter. IMA Advisory Services Inc. bought a new position in GE Aerospace during the 1st quarter valued at about $28,000. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the first quarter worth approximately $30,000. Finally, Financial Network Wealth Advisors LLC raised its holdings in shares of GE Aerospace by 81.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GE shares. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. BNP Paribas Exane began coverage on GE Aerospace in a research report on Tuesday. They issued an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Trading Up 1.6%

NYSE:GE opened at $300.84 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The firm has a market capitalization of $317.33 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The business has a fifty day moving average price of $301.15 and a 200-day moving average price of $270.39.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the business earned $1.15 earnings per share. GE Aerospace’s quarterly revenue 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. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were given a dividend of $0.36 per share. 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 payout ratio is presently 19.23%.

GE Aerospace Company 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.