GE Aerospace $GE Shares Acquired by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. increased its position in GE Aerospace (NYSE:GE) by 8.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,855 shares of the company’s stock after purchasing an additional 286 shares during the period. Thompson Davis & CO. Inc.’s holdings in GE Aerospace were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. 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 buying an additional 59 shares during the period. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter worth $28,000. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace in the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the first quarter valued at $30,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of GE Aerospace by 81.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GE shares. Bank of America boosted their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada boosted their price target 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. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Price Performance

GE stock opened at $310.55 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The firm has a 50-day moving average of $298.97 and a two-hundred day moving average of $266.95. The firm has a market capitalization of $327.58 billion, a PE ratio of 41.38, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued 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 the consensus estimate of $10.29 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The firm’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. On average, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

GE Aerospace 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.