24,692 Shares in GE Aerospace $GE Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new position in shares of GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,692 shares of the company’s stock, valued at approximately $6,356,000.

Other institutional investors also recently modified their holdings of the company. GQG Partners LLC bought a new position in GE Aerospace in the 1st quarter valued at $1,606,840,000. Nuveen LLC bought a new stake in shares of GE Aerospace during the first quarter worth $777,075,000. Amundi increased its stake in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings 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 acquiring an additional 1,196,060 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE opened at $307.28 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The stock has a market cap of $324.13 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The stock’s 50-day moving average price is $296.88 and its two-hundred day moving average price is $265.06.

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

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on GE shares. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada boosted their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research note on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.