HORAN Wealth LLC Buys Shares of 1,329 GE Aerospace $GE

HORAN Wealth LLC bought a new stake in shares of GE Aerospace (NYSE:GE) in the second quarter, Holdings Channel reports. The fund bought 1,329 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GQG Partners LLC bought a new stake in GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Nuveen LLC bought a new stake in GE Aerospace in the 1st quarter worth approximately $777,075,000. Amundi lifted its position in GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after buying an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in GE Aerospace by 7,406.4% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after buying an additional 1,196,060 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $305.05 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. The stock has a 50 day moving average price of $295.66 and a two-hundred day moving average price of $262.85. The company has a market capitalization of $321.77 billion, a P/E ratio of 40.73, a PEG ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data 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 firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued 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 was Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GE shares. Citigroup restated a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group boosted their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. The Goldman Sachs Group boosted their price objective on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $301.27.

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.