Alhambra Investment Management LLC Sells 835 Shares of GE Aerospace $GE

Key Points

• Alhambra Investment Management LLC sold 835 shares of GE Aerospace, reducing its stake by 13.9%, leaving the firm with 5,188 shares valued at approximately $1.34 million.
• Recent price target upgrades from various analysts include Citigroup's target of $296 and UBS's target of $321, indicating strong confidence in the stock.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding analyst expectations, with revenue rising 21.2% year-over-year to $10.15 billion.

Alhambra Investment Management LLC reduced its position in GE Aerospace (NYSE:GE - Free Report) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,188 shares of the company's stock after selling 835 shares during the quarter. Alhambra Investment Management LLC's holdings in GE Aerospace were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Webster Bank N. A. boosted its position in shares of GE Aerospace by 2.1% during the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after acquiring an additional 41 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of GE Aerospace by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock worth $810,000 after acquiring an additional 43 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock worth $56,000 after acquiring an additional 46 shares during the last quarter. First National Bank Sioux Falls boosted its position in shares of GE Aerospace by 2.8% during the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock worth $428,000 after acquiring an additional 46 shares during the last quarter. Finally, Sfmg LLC boosted its position 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 acquiring an additional 48 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in 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 report on Monday, July 14th. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada upped their target price 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. Jefferies Financial Group upped their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Eleven 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Price Performance

GE Aerospace stock opened at $305.50 on Wednesday. The company has a market cap of $323.97 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 3.24 and a beta of 1.48. The firm's fifty day moving average is $275.21 and its 200 day moving average is $238.60. 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 has a 52-week low of $159.36 and a 52-week high of $305.78.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) 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 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 prior year, the firm earned $1.20 earnings per share. GE Aerospace's 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. Sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

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.

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