Financiere des Professionnels Fonds d investissement inc. Invests $3.42 Million in GE Aerospace $GE

Financiere des Professionnels Fonds d investissement inc. acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,279 shares of the company's stock, valued at approximately $3,418,000.

Several other institutional investors have also made changes to their positions in the company. Webster Bank N. A. increased its position in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after acquiring an additional 41 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its position in shares of GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock worth $810,000 after acquiring an additional 43 shares in the last quarter. Truvestments Capital LLC increased its position in shares of GE Aerospace by 19.5% in the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock worth $56,000 after acquiring an additional 46 shares in the last quarter. First National Bank Sioux Falls increased its position in shares of GE Aerospace by 2.8% in the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock worth $428,000 after acquiring an additional 46 shares in the last quarter. Finally, Sfmg LLC grew its position in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after purchasing an additional 48 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $293.01 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $294.74. The firm's fifty day simple moving average is $271.00 and its 200 day simple moving average is $235.11. The firm has a market capitalization of $310.72 billion, a PE ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48.

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

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. 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%.

Wall Street Analyst Weigh In

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

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.

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