Ewing Morris & Co. Investment Partners Ltd. Purchases Shares of 1,050 GE Aerospace $GE

Key Points

• Ewing Morris & Co. has made a new investment in GE Aerospace, acquiring 1,050 shares valued at approximately $230,000 during the first quarter.
• Recent hedge fund activities included GQG Partners acquiring shares worth about $1.6 billion and GAMMA Investing increasing its holdings dramatically by over 23,000% during the same period.
• GE Aerospace reported a positive earnings performance with $1.66 EPS for the last quarter, exceeding analysts' expectations of $1.43, and set a fiscal year 2025 EPS guidance of 5.600-5.800.

Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,050 shares of the company's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GE. Quarry LP lifted its position in GE Aerospace by 86.5% in the first quarter. Quarry LP now owns 1,233 shares of the company's stock valued at $247,000 after purchasing an additional 572 shares during the last quarter. Saudi Central Bank bought a new position in GE Aerospace in the first quarter worth $85,000. Second Line Capital LLC bought a new position in GE Aerospace in the first quarter worth $271,000. Centric Wealth Management bought a new position in shares of GE Aerospace during the first quarter valued at $202,000. Finally, Certior Financial Group LLC bought a new position in shares of GE Aerospace during the first quarter valued at $240,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.1%

NYSE:GE traded up $0.34 during mid-day trading on Wednesday, hitting $275.73. 4,118,527 shares of the company's stock traded hands, compared to its average volume of 5,921,449. The company has a fifty day moving average of $264.62 and a 200 day moving average of $229.77. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The company has a market capitalization of $292.40 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GE shares. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.