GE Aerospace $GE Shares Bought by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in GE Aerospace by 35.9%, reaching a total of 28,906 shares valued at approximately $5.8 million.
• GE Aerospace reported a quarterly EPS of $1.66, exceeding estimates and showing a 21.2% year-over-year revenue growth to $10.15 billion.
• The company recently declared a quarterly dividend of $0.36 per share, resulting in an annualized dividend yield of 0.5% and a payout ratio of 20.08%.

Advisors Asset Management Inc. boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 35.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 28,906 shares of the company's stock after buying an additional 7,642 shares during the period. Advisors Asset Management Inc.'s holdings in GE Aerospace were worth $5,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Alyeska Investment Group L.P. raised its stake in shares of GE Aerospace by 27.3% during the first quarter. Alyeska Investment Group L.P. now owns 242,814 shares of the company's stock valued at $48,599,000 after purchasing an additional 52,141 shares in the last quarter. Ancora Advisors LLC grew its stake in GE Aerospace by 22.9% during the 1st quarter. Ancora Advisors LLC now owns 3,412 shares of the company's stock valued at $683,000 after acquiring an additional 636 shares in the last quarter. Amundi grew its stake in GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of GE Aerospace by 3.7% during the 1st quarter. Aprio Wealth Management LLC now owns 1,497 shares of the company's stock valued at $300,000 after buying an additional 54 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of GE Aerospace by 22.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 119,178 shares of the company's stock valued at $23,855,000 after buying an additional 21,947 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup restated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Down 0.5%

Shares of GE Aerospace stock traded down $1.39 during midday trading on Monday, hitting $277.84. The company had a trading volume of 2,898,359 shares, compared to its average volume of 5,889,724. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $294.64 billion, a P/E ratio of 38.76, a P/E/G ratio of 3.00 and a beta of 1.48. The company has a 50 day moving average of $266.25 and a 200 day moving average of $231.37. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The business's quarterly revenue 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 predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is 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.