D.A. Davidson & CO. Grows Position in GE Aerospace $GE

Key Points

• D.A. Davidson & CO. increased its stake in GE Aerospace by 8.1%, owning 39,017 shares worth approximately $10.04 million at the end of the latest quarter.
• GE Aerospace reported $1.66 earnings per share (EPS), surpassing estimates, and posted revenues of $11.31 billion, which is a 26.4% increase compared to the previous year.
• The company announced a quarterly dividend of $0.36 per share, representing a 0.5% yield, with a payout ratio of 19.23%.

D.A. Davidson & CO. boosted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,017 shares of the company's stock after purchasing an additional 2,907 shares during the period. D.A. Davidson & CO.'s holdings in GE Aerospace were worth $10,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of GE Aerospace by 18.5% in the first quarter. GAMMA Investing LLC now owns 25,311 shares of the company's stock valued at $5,066,000 after acquiring an additional 3,946 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of GE Aerospace by 22.4% in the first quarter. Continuum Advisory LLC now owns 1,297 shares of the company's stock valued at $260,000 after acquiring an additional 237 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of GE Aerospace by 186.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 15,044 shares of the company's stock valued at $3,011,000 after acquiring an additional 9,800 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 2.9%

Shares of GE stock opened at $297.64 on Thursday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.53. 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 stock's 50-day moving average price is $287.74 and its 200-day moving average price is $252.86. The stock has a market capitalization of $315.63 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 33.81% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analysts' expectations of $10.29 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The business's revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is presently 19.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GE shares. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. TD Cowen boosted their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Jefferies Financial Group boosted their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $284.27.

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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