1,645 Shares in GE Aerospace $GE Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC purchased a new position in shares of GE Aerospace (NYSE:GE) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,645 shares of the company’s stock, valued at approximately $424,000.

Other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. grew its position 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 acquiring an additional 59 shares during the last quarter. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. bought a new stake in GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. Finally, POM Investment Strategies LLC grew its position in GE Aerospace by 1,078.6% during the 1st quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 151 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

GE stock opened at $309.09 on Friday. The business’s fifty day moving average is $293.60 and its 200-day moving average is $260.25. 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 cap of $326.03 billion, a P/E ratio of 41.27, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.67.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. UBS Group set a $366.00 price objective on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada upped their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group upped their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group upped their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

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.