Dynamic Technology Lab Private Ltd Purchases Shares of 7,771 GE Aerospace $GE

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in GE Aerospace, purchasing 7,771 shares valued at approximately $1.555 million in the first quarter.
• Several analysts have recently adjusted their price targets for GE Aerospace, with Wells Fargo increasing its target from $34.00 to $38.00, while UBS Group raised theirs from $300.00 to $321.00.
• GE Aerospace reported $1.66 EPS for the last quarter, exceeding estimates, and has set a full-year guidance of $5.600-$5.800 EPS for FY 2025.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,771 shares of the company's stock, valued at approximately $1,555,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management lifted its holdings in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace during the first quarter valued at $30,000. O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace during the first quarter valued at $33,000. Finally, First Pacific Financial lifted its holdings in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE:GE traded down $3.43 during trading on Monday, hitting $275.80. 5,003,320 shares of the company's stock were exchanged, compared to its average volume of 4,029,993. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $284.41. The business's 50-day simple moving average is $266.62 and its 200 day simple moving average is $231.90. The company has a market cap of $292.47 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 3.00 and a beta of 1.48.

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 return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter last year, the business posted $1.20 earnings per share. The firm's 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. As a group, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. 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%.

Analyst Ratings Changes

A number of research analysts have weighed in on GE shares. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average 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.