Vicus Capital Acquires 1,468 Shares of GE Aerospace $GE

Vicus Capital boosted its holdings in GE Aerospace (NYSE:GE) by 95.6% in the second quarter, Holdings Channel reports. The firm owned 3,004 shares of the company’s stock after purchasing an additional 1,468 shares during the quarter. Vicus Capital’s holdings in GE Aerospace were worth $773,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GE. Smartleaf Asset Management LLC grew its position in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new position in shares of GE Aerospace in the 1st quarter valued at about $203,000. Sendero Wealth Management LLC grew its position in shares of GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company’s stock valued at $3,004,000 after acquiring an additional 12,613 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock valued at $8,065,000 after acquiring an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC grew its position in shares of GE Aerospace by 186.7% in the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock valued at $2,751,000 after acquiring an additional 9,580 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $301.41 on Thursday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $279.49 and a two-hundred day simple moving average of $242.61. The stock has a market capitalization of $319.63 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The business’s revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is 20.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GE shares. UBS Group lifted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Citigroup reaffirmed a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.92.

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.