Yoder Wealth Management Inc. Makes New $201,000 Investment in GE Aerospace $GE

Yoder Wealth Management Inc. acquired a new position in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 781 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds also recently made changes to their positions in GE. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $297.40 on Friday. 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 market cap of $315.38 billion, a P/E ratio of 41.48, a PEG ratio of 3.22 and a beta of 1.49. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a 50-day moving average price of $280.65 and a 200 day moving average price of $243.95.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts predict 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 will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GE. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Saturday, September 27th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Twelve 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, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $241.92.

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.