Leavell Investment Management Inc. Buys 2,696 Shares of GE Aerospace $GE

Leavell Investment Management Inc. grew its stake in shares of GE Aerospace (NYSE:GE) by 20.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,697 shares of the company’s stock after buying an additional 2,696 shares during the period. Leavell Investment Management Inc.’s holdings in GE Aerospace were worth $4,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in GE Aerospace during the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in GE Aerospace in the first quarter worth $29,000. IMG Wealth Management Inc. boosted its position in shares of 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 purchasing an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $33,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.8%

NYSE:GE opened at $303.97 on Friday. The stock has a 50-day simple moving average of $289.19 and a 200 day simple moving average of $255.34. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53. The company has a market cap of $320.63 billion, a PE ratio of 40.58, a PEG ratio of 3.15 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08.

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

GE Aerospace Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on GE shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Saturday. Sanford C. Bernstein boosted their price objective on GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Barclays raised 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. Finally, TD Cowen upped their price target on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.27.

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.