Alyeska Investment Group L.P. Boosts Stake in GE Aerospace $GE

Key Points

• Alyeska Investment Group L.P. has increased its stake in GE Aerospace by 27.3%, owning 242,814 shares valued at approximately $48.6 million following additional purchases in Q1.
• Several analysts have raised their price targets for GE Aerospace, with Royal Bank of Canada setting a new target at $300 and Citigroup at $296, indicating strong market optimism.
• GE Aerospace reported earnings per share of $1.66 for the last quarter, exceeding estimates and reflecting a 21.2% year-over-year revenue increase.

Alyeska Investment Group L.P. increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,814 shares of the company's stock after acquiring an additional 52,141 shares during the period. Alyeska Investment Group L.P.'s holdings in GE Aerospace were worth $48,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $30,000. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $33,000. Finally, First Pacific Financial increased its stake in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

GE traded down $2.62 on Friday, hitting $279.65. The company's stock had a trading volume of 4,950,277 shares, compared to its average volume of 4,005,729. The company's 50 day simple moving average is $266.25 and its 200-day simple moving average is $231.07. The firm has a market cap of $296.55 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 3.04 and a beta of 1.48. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41. 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 quarterly earnings results 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 net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm earned $1.20 EPS. The business's quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reiterated a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, UBS Group increased their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" 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 company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus target price 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.