Davies Financial Advisors Inc. Makes New Investment in GE Aerospace $GE

Davies Financial Advisors Inc. acquired a new stake in GE Aerospace (NYSE:GE) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 792 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. GQG Partners LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $1,606,840,000. Nuveen LLC purchased a new position in shares of GE Aerospace in the 1st quarter valued at $777,075,000. Amundi raised its stake in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after acquiring an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after purchasing an additional 1,196,060 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GE. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Fifteen research 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 stock opened at $304.15 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $320.82 billion, a PE ratio of 40.61, a P/E/G ratio of 3.09 and a beta of 1.56. The stock’s 50 day moving average is $299.42 and its two-hundred day moving average is $267.21.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (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 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 company posted $1.15 earnings per share. 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. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a dividend of $0.36 per share. The ex-dividend date was 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%.

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.