Capital Management Associates Inc Cuts Stock Position in GE Aerospace $GE

Key Points

• Capital Management Associates Inc reduced its stake in GE Aerospace by 49.9%, holding 1,953 shares valued at $503,000 after selling 1,949 shares in the second quarter.
• GE Aerospace reported a 21.2% increase in revenue year-over-year for the quarter, with earnings per share of $1.66, exceeding analyst estimates of $1.43.
• The company declared a quarterly dividend of $0.36, with an ex-dividend date set for September 29th, representing an annualized yield of 0.5%.

Capital Management Associates Inc lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 49.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,953 shares of the company's stock after selling 1,949 shares during the period. Capital Management Associates Inc's holdings in GE Aerospace were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Clear Creek Financial Management LLC increased its stake in GE Aerospace by 49.0% in the 2nd quarter. Clear Creek Financial Management LLC now owns 3,515 shares of the company's stock worth $905,000 after buying an additional 1,156 shares in the last quarter. Ignite Planners LLC grew its position in shares of GE Aerospace by 12.5% during the second quarter. Ignite Planners LLC now owns 4,159 shares of the company's stock valued at $1,095,000 after purchasing an additional 463 shares in the last quarter. Morton Capital Management LLC CA purchased a new position in shares of GE Aerospace during the second quarter valued at about $228,000. Valmark Advisers Inc. grew its position in shares of GE Aerospace by 3.9% during the second quarter. Valmark Advisers Inc. now owns 9,372 shares of the company's stock valued at $2,412,000 after purchasing an additional 356 shares in the last quarter. Finally, Lansing Street Advisors grew its position in shares of GE Aerospace by 19.0% during the second quarter. Lansing Street Advisors now owns 3,463 shares of the company's stock valued at $891,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.3%

Shares of NYSE:GE opened at $302.56 on Thursday. 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 12 month low of $159.36 and a 12 month high of $307.25. The company has a 50-day moving average price of $282.43 and a 200 day moving average price of $245.94. The company has a market cap of $320.85 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 3.25 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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 for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. 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 year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GE. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Finally, UBS Group increased 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. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.31.

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.

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