IFM Investors Pty Ltd Buys 8,986 Shares of GE Aerospace $GE

Key Points

• IFM Investors Pty Ltd increased its holdings in GE Aerospace by 4.6% during the second quarter, bringing its total shares to 204,861, valued at approximately $52.7 million.
• GE Aerospace reported a strong quarterly earnings performance with an earnings per share of $1.66, exceeding analyst expectations of $1.43, alongside a 21.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.36 per share, representing an annualized yield of 0.5%, with the dividend payout ratio at 20.08%.

IFM Investors Pty Ltd boosted its position in GE Aerospace (NYSE:GE - Free Report) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,861 shares of the company's stock after buying an additional 8,986 shares during the quarter. IFM Investors Pty Ltd's holdings in GE Aerospace were worth $52,729,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Putney Financial Group LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at $28,000. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management boosted its position in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in GE Aerospace in the 1st quarter worth approximately $29,000. Finally, Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the 1st quarter valued at $30,000. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reissued a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Up 1.5%

Shares of GE traded up $4.53 during mid-day trading on Friday, reaching $301.62. The company's stock had a trading volume of 9,629,752 shares, compared to its average volume of 3,951,953. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $303.03. The company's 50 day moving average is $273.62 and its 200 day moving average is $236.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market cap of $319.85 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 3.20 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced 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. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend 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.