GE Aerospace $GE Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. reduced its holdings in GE Aerospace (NYSE:GE) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,695 shares of the company’s stock after selling 6,046 shares during the quarter. GE Aerospace makes up 1.0% of iA Global Asset Management Inc.’s portfolio, making the stock its 24th biggest holding. iA Global Asset Management Inc.’s holdings in GE Aerospace were worth $67,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the first quarter worth about $28,000. Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace in the first quarter worth about $29,000. IMG Wealth Management Inc. boosted its position in shares of GE Aerospace by 113.5% in 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. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the first quarter worth about $30,000. Finally, POM Investment Strategies LLC boosted its position in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 151 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Down 0.5%

Shares of GE Aerospace stock opened at $309.09 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The business’s 50 day simple moving average is $293.60 and its 200-day simple moving average is $260.25. The stock has a market capitalization of $326.03 billion, a price-to-earnings ratio of 41.27, a PEG 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 announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business 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 firm earned $1.15 EPS. The business’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. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Jefferies Financial Group increased their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Bank of America increased their price target on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Company 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.