GE Aerospace $GE Shares Sold by Compound Planning Inc.

Key Points

• Compound Planning Inc. significantly reduced its shares in GE Aerospace by 57.8%, ultimately holding 10,554 shares valued at approximately $2.1 million after selling 14,478 shares in Q1.
• GE Aerospace's quarterly earnings report revealed an EPS of $1.66, surpassing estimates by $0.23 and showing a 21.2% increase in revenue year-over-year, totaling $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, reflecting a 0.5% yield and a payout ratio of 20.08%.

Compound Planning Inc. lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 57.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,554 shares of the company's stock after selling 14,478 shares during the quarter. Compound Planning Inc.'s holdings in GE Aerospace were worth $2,112,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Sfmg LLC grew its stake in GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after purchasing an additional 48 shares in the last quarter. SGL Investment Advisors Inc. grew its stake in GE Aerospace by 3.6% during 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. grew its stake in GE Aerospace by 1.8% during 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 grew its stake in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its stake in GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GE. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

GE Aerospace stock traded up $0.20 during mid-day trading on Monday, hitting $266.73. 4,300,391 shares of the company's stock traded hands, compared to its average volume of 5,992,907. The firm has a 50 day moving average price of $259.88 and a 200 day moving average price of $226.68. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $282.85 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. GE Aerospace has a one year low of $159.36 and a one year high of $281.50.

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 the consensus estimate 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 the consensus estimate of $9.49 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The firm'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. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

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.