AIMZ Investment Advisors LLC Acquires Shares of 1,102 GE Aerospace $GE

Key Points

• AIMZ Investment Advisors LLC acquired 1,102 shares of GE Aerospace, valued at approximately $221,000, in the 1st quarter.
• Analysts have raised price targets for GE Aerospace, with Wells Fargo increasing theirs to $38.00 and Barclays to $295.00, maintaining an overall consensus rating of "Moderate Buy."
• GE Aerospace reported a quarterly earnings per share of $1.66, exceeding expectations and a revenue of $10.15 billion, which was up 21.2% year-over-year.

AIMZ Investment Advisors LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,102 shares of the company's stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also modified their holdings of GE. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. bought a new position in GE Aerospace in the 1st quarter valued at $28,000. Copia Wealth Management raised its position in GE Aerospace by 14,200.0% in the 1st 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 last quarter. First Pacific Financial raised its position in GE Aerospace by 46.0% in 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 during the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in shares of GE Aerospace during the first quarter worth $33,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GE. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, UBS Group upped their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Up 0.1%

Shares of GE stock traded up $0.20 on Monday, hitting $266.73. 4,300,391 shares of the stock were exchanged, compared to its average volume of 4,216,812. 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 firm has a market capitalization of $282.85 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. The business has a 50-day moving average of $260.49 and a 200 day moving average of $227.11. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

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.