Horan Securities Inc. Acquires 4,042 Shares of GE Aerospace $GE

Horan Securities Inc. raised its holdings in GE Aerospace (NYSE:GE) by 84.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,853 shares of the company’s stock after purchasing an additional 4,042 shares during the period. GE Aerospace comprises approximately 0.8% of Horan Securities Inc.’s holdings, making the stock its 10th largest holding. Horan Securities Inc.’s holdings in GE Aerospace were worth $2,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Summit Wealth Group LLC raised its position in shares of GE Aerospace by 6.4% in the 2nd quarter. Summit Wealth Group LLC now owns 1,849 shares of the company’s stock valued at $476,000 after purchasing an additional 112 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of GE Aerospace in the 2nd quarter valued at approximately $273,000. Resona Asset Management Co. Ltd. raised its position in shares of GE Aerospace by 4.5% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 365,643 shares of the company’s stock valued at $93,948,000 after acquiring an additional 15,846 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of GE Aerospace by 320.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 7,004 shares of the company’s stock valued at $1,803,000 after acquiring an additional 5,337 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of GE Aerospace by 2.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 5,267 shares of the company’s stock valued at $1,356,000 after acquiring an additional 114 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GE. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Wolfe Research upped their price target on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. TD Cowen upped their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada upped their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Price Performance

Shares of GE opened at $305.05 on Thursday. The company has a market cap of $321.77 billion, a P/E ratio of 40.73, a PEG ratio of 3.09 and a beta of 1.49. The stock has a fifty day moving average price of $295.66 and a 200 day moving average price of $262.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. The company’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. On average, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

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.