GE Aerospace $GE Shares Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its stake in GE Aerospace (NYSE:GE) by 2.2% in the second quarter, HoldingsChannel.com reports. The fund owned 44,832 shares of the company’s stock after purchasing an additional 965 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in GE Aerospace were worth $11,539,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management grew its position in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the first quarter valued at $30,000. Finally, First Pacific Financial grew its position in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.7%

Shares of GE opened at $297.40 on Friday. The stock’s 50-day moving average is $280.65 and its two-hundred day moving average is $243.95. The stock has a market cap of $315.38 billion, a PE ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GE shares. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Jefferies Financial Group boosted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Twelve 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, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $241.92.

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.