Ibex Wealth Advisors Invests $6.36 Million in GE Aerospace $GE

Ibex Wealth Advisors bought a new position in GE Aerospace (NYSE:GE) in the second quarter, HoldingsChannel.com reports. The firm bought 24,692 shares of the company’s stock, valued at approximately $6,356,000.

Several other institutional investors and hedge funds also recently modified their holdings of GE. Vise Technologies Inc. acquired a new stake in GE Aerospace in the 2nd quarter valued at approximately $6,605,000. First Dallas Securities Inc. bought a new position in shares of GE Aerospace during the 2nd quarter worth approximately $228,000. Addison Advisors LLC grew its stake in shares of GE Aerospace by 16.5% during the 2nd quarter. Addison Advisors LLC now owns 5,885 shares of the company’s stock worth $1,515,000 after acquiring an additional 834 shares in the last quarter. Davis R M Inc. raised its holdings in shares of GE Aerospace by 13.5% in the second quarter. Davis R M Inc. now owns 110,830 shares of the company’s stock valued at $28,527,000 after purchasing an additional 13,154 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of GE Aerospace by 1.7% in the second quarter. Fidelis Capital Partners LLC now owns 8,744 shares of the company’s stock worth $2,381,000 after purchasing an additional 142 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

GE opened at $307.28 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market cap of $324.13 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The business has a 50 day moving average of $296.88 and a 200-day moving average of $265.06.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average 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.