Wincap Financial LLC Buys New Position in GE Aerospace $GE

Wincap Financial LLC purchased a new position in GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 864 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of GE. IMG Wealth Management Inc. increased its position in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the period. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter worth $28,000. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace during the 1st quarter worth about $29,000. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace during the 1st quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the first quarter valued at about $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a research report on Wednesday, October 8th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group set a $366.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company boosted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

GE Aerospace stock opened at $313.06 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The company has a market capitalization of $330.22 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a one year low of $159.36 and a one year high of $316.53. The business has a 50 day simple moving average of $290.08 and a 200 day simple moving average of $256.70.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The business’s revenue 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. On average, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

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.