SBI Securities Co. Ltd. Increases Position in GE Aerospace $GE

SBI Securities Co. Ltd. increased its stake in GE Aerospace (NYSE:GE) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,517 shares of the company’s stock after buying an additional 568 shares during the period. SBI Securities Co. Ltd.’s holdings in GE Aerospace were worth $2,964,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent research reports. Wolfe Research lifted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a research note on Wednesday, October 8th. Jefferies Financial Group raised their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Bank of America raised their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $308.53 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $316.67. The company has a market capitalization of $325.44 billion, a PE ratio of 41.19, a P/E/G ratio of 3.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a 50-day simple moving average of $298.97 and a two-hundred day simple moving average of $266.95.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the firm earned $1.15 EPS. The company’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. Research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 19.23%.

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.