Dimensional Fund Advisors LP Lowers Position in GE Aerospace $GE

Key Points

• Dimensional Fund Advisors LP reduced its holdings in GE Aerospace by 1.5%, now owning approximately 2.43 million shares valued at $486.8 million as of the end of the first quarter.
• Analysts have mixed views, with Barclays raising its target price from $230 to $295 and Citigroup raising it from $227 to $296, while other firms have downgraded their ratings.
• GE Aerospace recently reported earnings of $1.66 per share, exceeding analysts' expectations, and experienced a 21.2% year-over-year revenue growth, with revenues totaling $10.15 billion for the quarter.

Dimensional Fund Advisors LP lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,432,432 shares of the company's stock after selling 38,125 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.23% of GE Aerospace worth $486,848,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Putney Financial Group LLC bought a new position in GE Aerospace during the 4th quarter worth $28,000. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace in the first quarter worth $28,000. Copia Wealth Management increased its position in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. First Pacific Financial increased its position in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace in the first quarter worth $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

GE traded down $2.9450 during trading on Tuesday, reaching $265.5050. 2,306,242 shares of the company were exchanged, compared to its average volume of 6,031,987. The company's 50-day moving average is $257.78 and its two-hundred day moving average is $224.93. 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 $281.55 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 2.88 and a beta of 1.44. 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 posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday. Citigroup reissued a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.