GM Advisory Group LLC Makes New Investment in GE Aerospace $GE

Key Points

• GM Advisory Group LLC acquired 1,091 shares of GE Aerospace, valued at approximately $218,000, during the first quarter.
• GE Aerospace reported $1.66 EPS for the last quarter, exceeding the consensus estimate of $1.43, with a 21.2% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.36 per share, resulting in an annualized yield of 0.5%.

GM Advisory Group LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,091 shares of the company's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GQG Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $1,606,840,000. GAMMA Investing LLC boosted its holdings in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after buying an additional 5,044,632 shares during the period. Nuveen LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $777,075,000. Janus Henderson Group PLC raised its stake in GE Aerospace by 87.7% during the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after acquiring an additional 1,673,365 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in GE Aerospace by 32.1% in the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock worth $576,034,000 after acquiring an additional 838,954 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Price Performance

GE Aerospace stock traded up $1.4460 during trading hours on Monday, hitting $267.9760. 1,442,351 shares of the company traded hands, compared to its average volume of 5,974,573. The firm has a market cap of $284.17 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.87 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm's 50-day simple moving average is $259.88 and its two-hundred day simple moving average is $226.68. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The company's quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. 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.