American Century Companies Inc. Has $94.48 Million Stake in GE Aerospace $GE

Key Points

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American Century Companies Inc. increased its position in GE Aerospace (NYSE:GE - Free Report) by 57.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 472,033 shares of the company's stock after purchasing an additional 172,098 shares during the period. American Century Companies Inc.'s holdings in GE Aerospace were worth $94,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rainey & Randall Wealth Advisors Inc. acquired a new position in GE Aerospace in the 1st quarter worth approximately $203,000. Sendero Wealth Management LLC lifted its position in GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after buying an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after buying an additional 8,245 shares in the last quarter. Global Assets Advisory LLC lifted its position in GE Aerospace by 186.7% in the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after buying an additional 9,580 shares in the last quarter. Finally, Leisure Capital Management purchased a new stake in GE Aerospace in the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 1.0%

Shares of GE Aerospace stock traded down $2.7310 during midday trading on Tuesday, reaching $265.7190. 3,401,513 shares of the company's stock traded hands, compared to its average volume of 6,039,509. The company has a market cap of $281.78 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44. The company's 50 day simple moving average is $257.78 and its 200 day simple moving average is $224.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last posted its 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business posted $1.20 EPS. GE Aerospace's 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. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. 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 research report on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $232.92.

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.