Gamco Investors INC. ET AL Decreases Holdings in GE Aerospace $GE

Key Points

• Gamco Investors INC. ET AL has decreased its holdings in GE Aerospace by 4.5%, now owning 80,233 shares worth approximately $16 million after selling 3,782 shares in Q1.
• Several analysts have raised their price targets for GE Aerospace, with Wells Fargo increasing its target from $34 to $38, and UBS raising it from $300 to $321, reflecting growing optimism for the company's performance.
• GE Aerospace recently reported strong quarterly earnings with $1.66 EPS, exceeding analysts' expectations, and revenue of $10.15 billion, a 21.2% increase year-over-year.

Gamco Investors INC. ET AL decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,233 shares of the company's stock after selling 3,782 shares during the quarter. Gamco Investors INC. ET AL's holdings in GE Aerospace were worth $16,059,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management raised its position in shares of GE Aerospace by 14,200.0% during 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 last quarter. First Pacific Financial raised its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GE shares. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reissued a "buy" rating and set a $296.00 price target (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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Up 3.0%

Shares of GE Aerospace stock opened at $274.49 on Wednesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50. The firm has a market cap of $291.08 billion, a PE ratio of 38.28, a P/E/G ratio of 2.87 and a beta of 1.44. The business's fifty day moving average is $261.27 and its two-hundred day moving average is $227.44. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the company 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. Analysts anticipate that GE Aerospace will post 5.4 earnings per share 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio 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.

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.