DLK Investment Management LLC Trims Position in GE Aerospace $GE

Key Points

• DLK Investment Management LLC reduced its stake in GE Aerospace by 18.1% in Q2, now holding 4,901 shares worth approximately $1.26 million.
• GE Aerospace reported impressive earnings of $1.66 EPS for the last quarter, surpassing analysts' expectations and demonstrating a 21.2% year-over-year revenue increase.
• Several hedge funds, including Vanguard and Price T Rowe Associates, have increased their positions in GE Aerospace, highlighting a strong institutional interest with 74.77% of the stock owned by institutional investors.

DLK Investment Management LLC decreased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 18.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,901 shares of the company's stock after selling 1,080 shares during the quarter. DLK Investment Management LLC's holdings in GE Aerospace were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in GE Aerospace by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after purchasing an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the period. Invesco Ltd. grew its position in shares of GE Aerospace by 0.6% during the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after buying an additional 54,765 shares in the last quarter. GQG Partners LLC bought a new position in shares of GE Aerospace during the 1st quarter worth $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of GE Aerospace by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock valued at $1,536,387,000 after buying an additional 491,207 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

NYSE GE opened at $293.01 on Wednesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $294.74. 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 firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48. The stock has a 50-day simple moving average of $271.00 and a two-hundred day simple moving average of $235.11.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm 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 revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. 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 earnings per share for the current 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 issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.

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