Francis Financial Inc. Invests $235,000 in GE Aerospace (NYSE:GE)

Key Points

• Francis Financial Inc. acquired a new stake in GE Aerospace, purchasing 1,176 shares valued at approximately $235,000 during the first quarter of 2023.
• Analysts have shown confidence in GE Aerospace, with several firms raising their target prices; for example, Barclays increased it from $230 to $295, while UBS elevated their target from $300 to $321.
• GE Aerospace has reported strong financial performance, with earnings per share of $1.66 exceeding consensus estimates and a revenue of $10.15 billion for the quarter, reflecting a 21.2% increase year-over-year.

Francis Financial Inc. acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,176 shares of the company's stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. GAMMA Investing LLC grew its holdings in GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Nuveen LLC acquired a new stake in shares of GE Aerospace in the first quarter worth $777,075,000. Janus Henderson Group PLC raised its holdings in GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after acquiring an additional 1,673,365 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in GE Aerospace by 32.1% during the fourth quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock valued at $576,034,000 after acquiring an additional 838,954 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Price Performance

GE Aerospace stock traded down $2.08 during mid-day trading on Friday, hitting $267.62. 5,202,309 shares of the company were exchanged, compared to its average volume of 4,687,750. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $257.44 and a 200 day moving average of $224.17. 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 $283.79 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $9.49 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on GE shares. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note 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. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Company 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.