B. Metzler seel. Sohn & Co. AG Cuts Holdings in GE Aerospace $GE

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stock holdings in GE Aerospace by 2.7%, owning 44,151 shares valued at approximately $8.8 million after selling 1,232 shares.
• GE Aerospace reported $1.66 EPS for the last quarter, surpassing the consensus estimate by $0.23, with revenue rising 21.2% year-over-year to $10.15 billion.
• The company announced a quarterly dividend of $0.36 per share, with an annualized yield of 0.5%, reflecting a payout ratio of 20.08%.

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,151 shares of the company's stock after selling 1,232 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in GE Aerospace were worth $8,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Delta Investment Management LLC lifted its holdings in GE Aerospace by 2.6% during the 1st quarter. Delta Investment Management LLC now owns 4,465 shares of the company's stock worth $894,000 after buying an additional 114 shares during the last quarter. RB Capital Management LLC lifted its holdings in GE Aerospace by 23.3% during the 1st quarter. RB Capital Management LLC now owns 3,979 shares of the company's stock worth $796,000 after buying an additional 751 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of GE Aerospace by 35.0% in the 1st quarter. CreativeOne Wealth LLC now owns 36,082 shares of the company's stock valued at $7,222,000 after purchasing an additional 9,348 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of GE Aerospace by 79.9% in the 1st quarter. Ieq Capital LLC now owns 170,186 shares of the company's stock valued at $34,063,000 after purchasing an additional 75,565 shares during the last quarter. Finally, Redwood Investment Management LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at about $297,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on GE shares. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Citigroup reissued a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten investment 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 presently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Performance

GE traded down $0.89 on Friday, hitting $275.11. 5,037,097 shares of the company traded hands, compared to its average volume of 4,053,620. The company has a 50 day moving average of $263.56 and a 200-day moving average of $228.84. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $291.74 billion, a PE ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.44. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

GE Aerospace Company 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.