VanderPol Investments L.L.C. Takes Position in GE Aerospace $GE

VanderPol Investments L.L.C. bought a new stake in GE Aerospace (NYSE:GE) in the second quarter, HoldingsChannel reports. The fund bought 788 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also modified their holdings of GE. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the first quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter valued at approximately $30,000. Finally, First Pacific Financial grew its stake in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Citigroup restated a “buy” rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.31.

GE Aerospace Trading Down 2.5%

NYSE:GE opened at $291.96 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 business’s 50 day moving average is $283.44 and its two-hundred day moving average is $247.10. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The company has a market cap of $309.61 billion, a PE ratio of 40.72, a P/E/G ratio of 3.22 and a beta of 1.49.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $1.20 EPS. GE Aerospace’s quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts predict 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 will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

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.