Front Street Capital Management Inc. Reduces Position in GE Aerospace $GE

Key Points

• Front Street Capital Management Inc. reduced its position in GE Aerospace by 6.2% during Q1, holding 244,357 shares valued at approximately $48.9 million.
• Institutional investors own 74.77% of GE Aerospace, with varying changes in holdings reported by several other hedge funds in the first quarter.
• Analysts have set a consensus rating of "Moderate Buy" for GE Aerospace, with price targets ranging from $232.92 to $321.00, indicating optimism about the stock’s future performance.

Front Street Capital Management Inc. lowered its position in GE Aerospace (NYSE:GE - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 244,357 shares of the company's stock after selling 16,224 shares during the quarter. GE Aerospace makes up about 9.3% of Front Street Capital Management Inc.'s portfolio, making the stock its 2nd biggest position. Front Street Capital Management Inc.'s holdings in GE Aerospace were worth $48,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GE. Truvestments Capital LLC lifted its holdings in GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock worth $56,000 after buying an additional 46 shares during the period. Sfmg LLC lifted its holdings in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after buying an additional 48 shares during the period. SGL Investment Advisors Inc. lifted its holdings in GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock worth $303,000 after buying an additional 49 shares during the period. Hudock Inc. lifted its holdings in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after buying an additional 50 shares during the period. Finally, First Pacific Financial lifted its holdings in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the period. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Royal Bank Of Canada upped their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

Shares of GE opened at $279.65 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41. The stock has a fifty day moving average price of $266.25 and a 200-day moving average price of $231.21. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The firm has a market cap of $296.55 billion, a PE ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating 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 quarter in the prior year, the business posted $1.20 EPS. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

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.

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