VanderPol Investments L.L.C. Buys Shares of 788 GE Aerospace $GE

VanderPol Investments L.L.C. bought a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 788 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of the company. Old North State Wealth Management LLC increased its stake in shares of GE Aerospace by 1.9% during the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company’s stock worth $542,000 after buying an additional 39 shares during the period. Webster Bank N. A. raised its holdings in shares of GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after purchasing an additional 41 shares in the last quarter. Pacific Sage Partners LLC raised its holdings in shares of GE Aerospace by 3.5% in the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company’s stock valued at $314,000 after purchasing an additional 41 shares in the last quarter. Ascent Capital Management LLC raised its holdings in shares of GE Aerospace by 1.9% in the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company’s stock valued at $585,000 after purchasing an additional 42 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock valued at $810,000 after purchasing an additional 43 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GE shares. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average price target of $251.31.

GE Aerospace Stock Performance

GE Aerospace stock opened at $291.96 on Friday. The stock’s 50-day moving average is $283.44 and its 200-day moving average is $247.10. The company has a market cap of $309.61 billion, a price-to-earnings ratio of 40.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. 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 20.08%.

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.