Compagnie Lombard Odier SCmA Grows Position in GE Aerospace $GE

Key Points

• Compagnie Lombard Odier SCmA increased its position in GE Aerospace by 75.5% in Q2, owning 40,114 shares valued at $10,325,000.
• GE Aerospace reported $1.66 EPS for the last quarter, exceeding expectations, with a revenue of $10.15 billion, up 21.2% year-over-year.
• The company declared a quarterly dividend of $0.36 per share, with a payout ratio of 20.08%, to be paid on October 27th.

Compagnie Lombard Odier SCmA lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 75.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,114 shares of the company's stock after purchasing an additional 17,261 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in GE Aerospace were worth $10,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. IMA Advisory Services Inc. bought a new position in GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management boosted its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace in the 1st quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace in the first quarter worth approximately $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 0.1%

Shares of GE opened at $300.91 on Tuesday. The firm's 50-day moving average price is $274.39 and its 200-day moving average price is $238.13. The firm has a market capitalization of $319.09 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 3.24 and a beta of 1.48. 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 $303.03.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. GE Aerospace's 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. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Jefferies Financial Group raised their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday. Citigroup restated a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

About GE Aerospace

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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