Voisard Asset Management Group Inc. Boosts Position in GE Aerospace $GE

Key Points

• Voisard Asset Management Group Inc. significantly increased its holdings in GE Aerospace by 178% during Q2, now owning 6,238 shares valued at approximately $1.6 million.
• Several analysts have upgraded their ratings on GE Aerospace, with a consensus rating of Moderate Buy and an average target price of $232.92 for the stock.
• GE Aerospace recently declared a quarterly dividend of $0.36, translating to an annualized yield of 0.5%, with the ex-dividend date set for September 29th.

Voisard Asset Management Group Inc. lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 178.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,238 shares of the company's stock after buying an additional 3,994 shares during the period. GE Aerospace comprises 0.4% of Voisard Asset Management Group Inc.'s investment portfolio, making the stock its 28th largest position. Voisard Asset Management Group Inc.'s holdings in GE Aerospace were worth $1,605,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in shares of GE Aerospace during the 2nd quarter valued at about $77,000. Worth Asset Management LLC raised its holdings in shares of GE Aerospace by 192.1% during the second quarter. Worth Asset Management LLC now owns 7,016 shares of the company's stock valued at $1,806,000 after acquiring an additional 4,614 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of GE Aerospace by 2.3% during the second quarter. Moody National Bank Trust Division now owns 12,889 shares of the company's stock valued at $3,318,000 after acquiring an additional 294 shares in the last quarter. Global Financial Private Client LLC raised its holdings in shares of GE Aerospace by 10.9% during the second quarter. Global Financial Private Client LLC now owns 2,535 shares of the company's stock valued at $652,000 after acquiring an additional 249 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC grew its stake in GE Aerospace by 6.8% in the second quarter. ARS Wealth Advisors Group LLC now owns 2,428 shares of the company's stock worth $625,000 after purchasing an additional 154 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GE shares. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

Shares of NYSE:GE traded up $4.53 during midday trading on Friday, reaching $301.62. 9,629,752 shares of the company's stock traded hands, compared to its average volume of 3,951,953. The company has a market cap of $319.85 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 3.20 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $159.36 and a one year high of $303.03. The stock has a 50 day moving average of $273.62 and a 200 day moving average of $236.86.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The firm 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 company's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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