Addison Capital Co Has $843,000 Position in GE Aerospace $GE

Key Points

• Addison Capital Co reduced its holdings in GE Aerospace by 32.2%, now owning 4,211 shares valued at $843,000.
• GE Aerospace's latest quarterly earnings showed an earnings per share (EPS) of $1.66, surpassing estimates and marking a 21.2% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.36 per share, representing an annual yield of 0.5% and a payout ratio of 20.08%.

Addison Capital Co reduced its position in shares of GE Aerospace (NYSE:GE - Free Report) by 32.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,211 shares of the company's stock after selling 1,997 shares during the quarter. Addison Capital Co's holdings in GE Aerospace were worth $843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Brighton Jones LLC raised its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of GE Aerospace by 2.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,497 shares of the company's stock worth $18,263,000 after buying an additional 2,843 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $47,000. Finally, Obermeyer Wealth Partners acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $291,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

GE Aerospace stock traded up $0.11 during trading hours on Friday, reaching $281.67. 3,249,603 shares of the stock were exchanged, compared to its average volume of 3,841,655. The company has a market cap of $298.69 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 3.03 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 twelve month low of $159.36 and a twelve month high of $286.91. The stock has a 50 day moving average of $269.33 and a two-hundred day moving average of $233.93.

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

GE Aerospace Dividend Announcement

The company also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio is presently 20.08%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GE shares. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Royal Bank Of Canada raised 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. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. 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.