Decker Retirement Planning Inc. Has $3.72 Million Stock Holdings in GE Aerospace $GE

Decker Retirement Planning Inc. lifted its stake in shares of GE Aerospace (NYSE:GE) by 7,538.1% in the second quarter, Holdings Channel.com reports. The fund owned 14,436 shares of the company’s stock after acquiring an additional 14,247 shares during the quarter. GE Aerospace makes up approximately 2.2% of Decker Retirement Planning Inc.’s investment portfolio, making the stock its 12th biggest position. Decker Retirement Planning Inc.’s holdings in GE Aerospace were worth $3,716,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GE. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth $29,000. IMG Wealth Management Inc. raised its stake in GE Aerospace by 113.5% during 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 last quarter. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace in the first quarter valued at $30,000. Finally, Financial Network Wealth Advisors LLC lifted its holdings in GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Up 0.7%

Shares of GE Aerospace stock opened at $307.28 on Friday. The stock has a market capitalization of $324.13 billion, a PE ratio of 41.03, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67. The stock has a 50 day moving average price of $296.88 and a two-hundred day moving average price of $264.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last issued its 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 company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Bank of America lifted their target price on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.