VestGen Investment Management Acquires 132 Shares of GE Aerospace $GE

VestGen Investment Management boosted its holdings in GE Aerospace (NYSE:GE) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,354 shares of the company’s stock after buying an additional 132 shares during the quarter. VestGen Investment Management’s holdings in GE Aerospace were worth $349,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GE. IMA Advisory Services Inc. bought a new position in GE Aerospace in the 1st quarter valued at approximately $28,000. Nova Wealth Management Inc. bought a new position in GE Aerospace in the 1st quarter valued at approximately $29,000. IMG Wealth Management Inc. raised its holdings in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC bought a new position in GE Aerospace in the 1st quarter valued at approximately $33,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE:GE opened at $303.97 on Friday. The company has a fifty day moving average of $289.19 and a 200-day moving average of $255.34. The firm has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.15 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.53.

GE Aerospace (NYSE:GE) last released 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 net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the previous year, the business posted $1.15 EPS. GE Aerospace’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. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GE shares. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Citigroup restated a “buy” rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group raised their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.27.

GE Aerospace Company 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.