Brooklyn Investment Group Increases Position in GE Aerospace $GE

Key Points

• Brooklyn Investment Group increased its holdings in GE Aerospace by 38.8%, now owning a total of 8,894 shares valued at approximately $1.78 million.
• GE Aerospace reported an earnings per share (EPS) of $1.66 for the latest quarter, beating expectations by $0.23, with revenue growing by 21.2% year-over-year.
• The company recently announced a quarterly dividend of $0.36 per share, reflecting a 0.5% dividend yield and a payout ratio of 20.08%.

Brooklyn Investment Group lifted its position in GE Aerospace (NYSE:GE - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,894 shares of the company's stock after purchasing an additional 2,487 shares during the quarter. Brooklyn Investment Group's holdings in GE Aerospace were worth $1,780,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Sfmg LLC raised its stake in shares of GE Aerospace by 2.4% in the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after purchasing an additional 48 shares during the last quarter. SGL Investment Advisors Inc. increased its stake in shares of GE Aerospace by 3.6% in the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after purchasing an additional 49 shares in the last quarter. Hudock Inc. increased its stake in shares of GE Aerospace by 1.8% in the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares in the last quarter. First Pacific Financial boosted its holdings in GE Aerospace by 46.0% in 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. Finally, First Heartland Consultants Inc. boosted its holdings in GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after buying an additional 54 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GE shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Down 1.0%

GE traded down $2.7310 during trading hours on Tuesday, reaching $265.7190. The company's stock had a trading volume of 3,401,513 shares, compared to its average volume of 4,391,355. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50. The stock has a market cap of $281.78 billion, a PE ratio of 37.06, a P/E/G ratio of 2.89 and a beta of 1.44. The business's 50-day moving average is $257.78 and its 200-day moving average is $224.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The firm's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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