CW Advisors LLC Raises Stock Holdings in GE Aerospace $GE

Key Points

• CW Advisors LLC significantly increased its stake in GE Aerospace by 340.6% in the first quarter, holding 38,883 shares valued at approximately $7.89 million by quarter-end.
• GE Aerospace reported earnings of $1.66 per share, exceeding analysts' expectations, with revenues of $10.15 billion for the quarter, a 21.2% increase year-on-year.
• The company declared a quarterly dividend of $0.36, translating to an annual dividend yield of 0.5%, with a payout ratio of 20.08%.

CW Advisors LLC increased its position in GE Aerospace (NYSE:GE - Free Report) by 340.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,883 shares of the company's stock after acquiring an additional 30,057 shares during the quarter. CW Advisors LLC's holdings in GE Aerospace were worth $7,888,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace in the 1st quarter worth approximately $28,000. Copia Wealth Management lifted its position in 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 buying an additional 142 shares during the last quarter. First Pacific Financial lifted its position in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in GE Aerospace in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

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

GE Aerospace Trading Up 0.1%

Shares of GE Aerospace stock traded up $0.20 during midday trading on Monday, reaching $266.73. 4,300,391 shares of the company's stock traded hands, compared to its average volume of 5,992,907. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. 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. The stock has a 50 day moving average of $259.88 and a 200-day moving average of $226.68. GE Aerospace has a 12 month low of $159.36 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities 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 was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

GE Aerospace Company 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.