Algert Global LLC Takes $6.45 Million Position in GE Aerospace $GE

Key Points

• Algert Global LLC acquired a new stake in GE Aerospace, purchasing 32,199 shares valued at approximately $6.45 million.
• Several institutional investors significantly increased their positions in GE Aerospace, including a remarkable 23,611.7% increase by GAMMA Investing LLC.
• GE Aerospace reported a strong Q2 earnings result, with $1.66 EPS, surpassing analyst expectations, and showed a year-over-year revenue increase of 21.2%.

Algert Global LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 32,199 shares of the company's stock, valued at approximately $6,445,000.

Several other large investors have also bought and sold shares of GE. Sfmg LLC boosted its holdings in shares of GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after purchasing an additional 48 shares during the period. SGL Investment Advisors Inc. boosted its holdings in shares of GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock worth $303,000 after purchasing an additional 49 shares during the period. Hudock Inc. boosted its holdings in shares of GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after purchasing an additional 50 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, First Heartland Consultants Inc. boosted its holdings in shares of GE Aerospace by 1.2% during the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after purchasing an additional 54 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Up 0.4%

Shares of NYSE GE traded up $1.14 on Wednesday, reaching $267.07. 2,353,919 shares of the company's stock traded hands, compared to its average volume of 6,014,687. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $281.50. The business's 50 day simple moving average is $258.26 and its two-hundred day simple moving average is $225.21. The company has a market cap of $283.21 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.89 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.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business'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. As a group, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace 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.