Clear Creek Financial Management LLC Increases Position in GE Aerospace $GE

Key Points

• Clear Creek Financial Management LLC increased its stake in GE Aerospace by 49.0% in Q2, owning 3,515 shares valued at approximately $905,000.
• GE Aerospace reported $1.66 EPS for the last quarter, surpassing analysts' estimates, and had a revenue of $10.15 billion, reflecting a 21.2% year-over-year increase.
• The company declared a quarterly dividend of $0.36 per share, with a dividend yield of 0.5%, emphasizing a conservative payout ratio of 20.08%.

Clear Creek Financial Management LLC increased its stake in GE Aerospace (NYSE:GE - Free Report) by 49.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,515 shares of the company's stock after acquiring an additional 1,156 shares during the period. Clear Creek Financial Management LLC's holdings in GE Aerospace were worth $905,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its position in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after buying an additional 331 shares during the period. Smartleaf Asset Management LLC boosted its position in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after buying an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. purchased a new stake in GE Aerospace during the first quarter valued at about $203,000. Concurrent Investment Advisors LLC boosted its position in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after buying an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC boosted its position in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after buying an additional 9,580 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE opened at $299.18 on Friday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The company has a 50 day simple moving average of $282.99 and a two-hundred day simple moving average of $246.55. The company has a market capitalization of $317.26 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 3.25 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

Analyst Ratings Changes

Several analysts have issued reports on GE shares. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace 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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