AIFG Consultants Ltd. Buys 48 Shares of GE Aerospace $GE

AIFG Consultants Ltd. raised its stake in shares of GE Aerospace (NYSE:GE) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,961 shares of the company’s stock after purchasing an additional 48 shares during the period. AIFG Consultants Ltd.’s holdings in GE Aerospace were worth $505,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. bought a new stake in GE Aerospace during the first quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of GE Aerospace in the first quarter valued at about $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the first quarter valued at about $33,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $297.40 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The business’s 50-day moving average is $280.65 and its 200 day moving average is $243.95.

GE Aerospace (NYSE:GE) last posted 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. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 20.08%.

Analysts Set New Price Targets

Several brokerages have recently commented on GE. Jefferies Financial Group boosted their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Barclays boosted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Royal Bank Of Canada boosted their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Saturday, September 27th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.92.

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.