290 Shares in GE Aerospace $GE Acquired by Tobam

Tobam purchased a new stake in GE Aerospace (NYSE:GE) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 290 shares of the company’s stock, valued at approximately $75,000.

Several other hedge funds have also made changes to their positions in GE. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter worth about $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the first quarter worth approximately $29,000. IMG Wealth Management Inc. boosted its position in shares of GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $30,000. Finally, Financial Network Wealth Advisors LLC increased its position in GE Aerospace by 81.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research reports. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Bank of America lifted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wolfe Research raised their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Price Performance

Shares of GE opened at $308.53 on Thursday. The firm has a market cap of $325.44 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 3.09 and a beta of 1.56. The stock has a 50 day moving average of $298.97 and a 200-day moving average of $266.95. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $316.67.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

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.