Flputnam Investment Management Co. Cuts Stock Holdings in GE Aerospace $GE

Flputnam Investment Management Co. decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,824 shares of the company's stock after selling 965 shares during the quarter. Flputnam Investment Management Co.'s holdings in GE Aerospace were worth $1,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in GE Aerospace in the first quarter worth approximately $230,000. Quarry LP boosted its holdings in GE Aerospace by 86.5% in the first quarter. Quarry LP now owns 1,233 shares of the company's stock worth $247,000 after purchasing an additional 572 shares during the last quarter. Saudi Central Bank purchased a new stake in GE Aerospace in the first quarter worth approximately $85,000. Second Line Capital LLC purchased a new stake in GE Aerospace in the first quarter worth approximately $271,000. Finally, Centric Wealth Management purchased a new stake in GE Aerospace in the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GE shares. 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 report on Friday, July 18th. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group raised their target price 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. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Down 0.3%

GE opened at $275.11 on Tuesday. 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 1-year low of $159.36 and a 1-year high of $281.50. The company has a market capitalization of $291.74 billion, a PE ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.48. The firm's 50 day simple moving average is $264.10 and its two-hundred day simple moving average is $229.45.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share 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 the consensus estimate of $9.49 billion. During the same period last year, the firm 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. As a group, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

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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