487,481 Shares in GE Aerospace $GE Bought by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE acquired 487,481 shares of GE Aerospace, valued at approximately $97.57 million, making it the 29th largest position in their portfolio.
• GE Aerospace's stock is currently rated as a Moderate Buy by analysts, with a consensus target price of $232.92.
• The company reported earnings per share (EPS) of $1.66 for the last quarter, exceeding the consensus estimate by $0.23, with revenue increasing by 21.2% compared to the previous year.

Axiom Investors LLC DE bought a new position in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 487,481 shares of the company's stock, valued at approximately $97,569,000. GE Aerospace makes up about 0.9% of Axiom Investors LLC DE's holdings, making the stock its 29th biggest position.

Other institutional investors have also recently made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management boosted its holdings in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. First Pacific Financial boosted its holdings in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of GE Aerospace during the first quarter worth about $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GE. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group raised 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. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $279.65 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $296.55 billion, a P/E ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48. The business has a fifty day simple moving average of $266.25 and a two-hundred day simple moving average of $231.37. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 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.

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