Fishman Jay A Ltd. MI Grows Stake in GE Aerospace $GE

Key Points

• Fishman Jay A Ltd. MI increased its stake in GE Aerospace by 18.6% during the second quarter, holding 39,831 shares valued at approximately $10.25 million.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, surpassing analyst expectations and showing a 21.2% revenue increase year-over-year.
• The company recently declared a quarterly dividend of $0.36, representing an annualized yield of 0.5% and a dividend payout ratio of 20.08%.

Fishman Jay A Ltd. MI boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 18.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,831 shares of the company's stock after acquiring an additional 6,260 shares during the quarter. GE Aerospace accounts for 1.0% of Fishman Jay A Ltd. MI's portfolio, making the stock its 22nd biggest holding. Fishman Jay A Ltd. MI's holdings in GE Aerospace were worth $10,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the first quarter valued at approximately $28,000. Copia Wealth Management raised its holdings in GE Aerospace by 14,200.0% in the 1st 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. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the first quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace during the first quarter valued at about $30,000. Finally, First Pacific Financial grew its holdings in 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 during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE:GE opened at $297.40 on Monday. The company has a market cap of $315.38 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 3.20 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock's 50 day simple moving average is $280.65 and its two-hundred day simple moving average is $244.50. 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 (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, beating analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during 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 for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Jefferies Financial Group raised their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a research note on Saturday, September 27th. UBS Group increased their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $241.92.

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.

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.