GE Aerospace $GE Stock Position Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in GE Aerospace (NYSE:GE) by 4.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 235,064 shares of the company’s stock after purchasing an additional 9,246 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in GE Aerospace were worth $58,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. TRUE Private Wealth Advisors acquired a new stake in GE Aerospace during the second quarter valued at $339,000. Primecap Management Co. CA acquired a new position in GE Aerospace in the second quarter worth approximately $48,312,000. Stonebrook Private Inc. raised its position in GE Aerospace by 3.4% during the second quarter. Stonebrook Private Inc. now owns 1,788 shares of the company’s stock valued at $460,000 after acquiring an additional 59 shares in the last quarter. Aspen Investment Management Inc raised its position in GE Aerospace by 7.8% during the second quarter. Aspen Investment Management Inc now owns 2,419 shares of the company’s stock valued at $623,000 after acquiring an additional 175 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its stake in GE Aerospace by 4.5% in the second quarter. Highview Capital Management LLC DE now owns 6,635 shares of the company’s stock valued at $1,708,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $296.13 on Wednesday. The firm has a market capitalization of $312.36 billion, a PE ratio of 39.54, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 1 year low of $159.36 and a 1 year 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 firm’s fifty day simple moving average is $300.80 and its 200 day simple moving average is $270.17.

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 analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of GE Aerospace in a report on Tuesday. They set an “underperform” rating on the stock. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. TD Cowen boosted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus 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.