1,130 Shares in GE Aerospace $GE Acquired by Balefire LLC

Key Points

• Balefire LLC has acquired a new position in GE Aerospace, purchasing 1,130 shares valued at approximately $291,000 during the second quarter.
• GE Aerospace reported $1.66 EPS for the last quarter, exceeding analysts' estimates, with a revenue increase of 21.2% year-over-year.
• The company announced a quarterly dividend of $0.36 per share, reflecting an annual yield of 0.5%, to be paid on October 27th.

Balefire LLC purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,130 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares in the last quarter. State of Wyoming boosted its holdings in GE Aerospace by 28.3% in the fourth quarter. State of Wyoming now owns 721 shares of the company's stock worth $120,000 after acquiring an additional 159 shares in the last quarter. Two Sigma Advisers LP boosted its position in GE Aerospace by 45.5% in the 4th quarter. Two Sigma Advisers LP now owns 111,013 shares of the company's stock worth $18,516,000 after purchasing an additional 34,700 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in GE Aerospace in the 4th quarter worth approximately $8,990,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group boosted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup restated 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. Jefferies Financial Group lifted their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday. Finally, Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Stock Down 1.1%

NYSE GE traded down $3.46 during trading hours on Monday, hitting $297.68. 1,335,752 shares of the company were exchanged, compared to its average volume of 5,805,748. The company has a 50 day moving average of $273.62 and a two-hundred day moving average of $237.38. 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 $303.03. The firm has a market cap of $315.67 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 3.24 and a beta of 1.48.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is currently 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.