Curi RMB Capital LLC Sells 2,685 Shares of GE Aerospace $GE

Key Points

• Curi RMB Capital LLC reduced its stake in GE Aerospace by 36.6%, selling 2,685 shares, resulting in their ownership of 4,649 shares valued at approximately $932,000.
• Several institutional investors have increased their positions in GE Aerospace, with Vanguard Group Inc. now owning over 90 million shares after acquiring additional stock.
• Analysts have set new price targets for GE Aerospace, with UBS Group raising their target from $300 to $321, reflecting a positive outlook on the stock.

Curi RMB Capital LLC reduced its holdings in GE Aerospace (NYSE:GE - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,649 shares of the company's stock after selling 2,685 shares during the quarter. Curi RMB Capital LLC's holdings in GE Aerospace were worth $932,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its holdings in shares of GE Aerospace by 19.5% during the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company's stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Sfmg LLC grew its holdings in shares of GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after purchasing an additional 48 shares in the last quarter. SGL Investment Advisors Inc. grew its holdings in shares of GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock worth $303,000 after purchasing an additional 49 shares in the last quarter. Hudock Inc. grew its holdings in shares of GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after purchasing an additional 50 shares in the last quarter. Finally, First Pacific Financial grew its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

GE stock traded down $2.62 during trading on Friday, hitting $279.65. The company had a trading volume of 4,950,277 shares, compared to its average volume of 4,029,993. The company has a fifty day moving average price of $266.25 and a two-hundred day moving average price of $231.21. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $296.55 billion, a P/E ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $284.41.

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 the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts expect 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. Shareholders of record on Monday, July 7th were given a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Analysts Set New Price Targets

Several analysts have recently weighed in on GE shares. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

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.