Voisard Asset Management Group Inc. Increases Stock 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 holdings in GE Aerospace (NYSE:GE - Free Report) by 178.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,238 shares of the company's stock after purchasing an additional 3,994 shares during the period. GE Aerospace makes up 0.4% of Voisard Asset Management Group Inc.'s holdings, making the stock its 28th biggest holding. Voisard Asset Management Group Inc.'s holdings in GE Aerospace were worth $1,605,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GE. Putney Financial Group LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management grew its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in GE Aerospace during the 1st quarter worth about $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $4.53 during trading on Friday, hitting $301.62. 9,629,752 shares of the stock were exchanged, compared to its average volume of 3,951,953. The company has a fifty day moving average price of $273.62 and a two-hundred day moving average price of $236.86. The company has a market cap of $319.85 billion, a PE ratio of 42.07, a P/E/G ratio of 3.24 and a beta of 1.48. 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 12-month low of $159.36 and a 12-month high of $303.03.

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 for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business 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%.The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Company 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.