GE Aerospace $GE Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its stake in GE Aerospace by 0.8%, selling 22,956 shares during the first quarter, leaving them with 3,019,606 shares worth approximately $604 million.
• Analysts have varied opinions on GE Aerospace, with Citigroup raising its price target to $296.00 and UBS Group also increasing it to $321.00, while Northcoast Research downgraded the stock to "neutral."
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding estimates, with a significant 21.2% year-over-year revenue growth.

Baird Financial Group Inc. cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 0.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,019,606 shares of the company's stock after selling 22,956 shares during the period. GE Aerospace comprises about 1.2% of Baird Financial Group Inc.'s holdings, making the stock its 16th biggest holding. Baird Financial Group Inc. owned 0.28% of GE Aerospace worth $604,374,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Putney Financial Group LLC purchased a new position in GE Aerospace during the fourth quarter worth about $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the first quarter worth approximately $28,000. Copia Wealth Management lifted its stake in GE Aerospace by 14,200.0% in the first 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 purchased a new position in GE Aerospace in the first quarter worth approximately $30,000. Finally, First Pacific Financial lifted its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $0.16 on Tuesday, reaching $275.36. 2,927,196 shares of the company were exchanged, compared to its average volume of 5,923,397. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $281.50. The firm has a market cap of $292.00 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.96 and a beta of 1.48. The company has a 50-day moving average of $264.10 and a 200-day moving average of $229.45.

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

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on GE. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup restated a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada upped their price objective 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. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

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.