GE Aerospace $GE Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox reduced its stake in GE Aerospace by 1.2%, owning approximately 13.99 million shares after selling nearly 175,000 shares in the first quarter.
• GE Aerospace reported a quarterly earnings of $1.66 per share, exceeding analyst expectations, with revenue reaching $10.15 billion, up 21.2% year-over-year.
• Institutional investors hold 74.77% of GE Aerospace stock, with research firms upgrading their ratings, estimating a target price increase from $300 to $321.

Dodge & Cox reduced its holdings in GE Aerospace (NYSE:GE - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,986,351 shares of the company's stock after selling 174,953 shares during the period. GE Aerospace makes up 1.6% of Dodge & Cox's holdings, making the stock its 22nd biggest position. Dodge & Cox owned 1.31% of GE Aerospace worth $2,799,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sfmg LLC raised its stake in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after purchasing an additional 48 shares during the period. SGL Investment Advisors Inc. raised its stake in GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock worth $303,000 after purchasing an additional 49 shares during the period. Hudock Inc. raised its stake in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after purchasing an additional 50 shares during the period. First Pacific Financial raised its stake in GE Aerospace by 46.0% during 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, First Heartland Consultants Inc. raised its stake in shares of GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after acquiring an additional 54 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.1%

Shares of GE Aerospace stock traded up $0.20 during mid-day trading on Monday, hitting $266.73. 4,300,391 shares of the stock were exchanged, compared to its average volume of 5,992,907. The company has a 50-day simple moving average of $259.88 and a 200 day simple moving average of $226.68. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The stock has a market capitalization of $282.85 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

About GE Aerospace

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.