Analyst IMS Investment Management Services Ltd. Grows Holdings in GE Aerospace $GE

Analyst IMS Investment Management Services Ltd. increased its position in shares of GE Aerospace (NYSE:GE) by 105.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,241 shares of the company’s stock after buying an additional 3,206 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in GE Aerospace were worth $1,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter worth $28,000. Nova Wealth Management Inc. purchased a new stake in GE Aerospace during the 1st quarter worth $29,000. IMG Wealth Management Inc. increased its stake in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after buying an additional 59 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE opened at $309.76 on Wednesday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The company has a 50-day moving average of $290.96 and a 200-day moving average of $257.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market capitalization of $326.74 billion, a P/E ratio of 41.36, a PEG ratio of 3.17 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its quarterly 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. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the business posted $1.15 EPS. The company’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on GE. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group boosted their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Wolfe Research boosted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

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.