GAMMA Investing LLC Boosts Stake in GE Aerospace $GE

Key Points

• GAMMA Investing LLC increased its stock position in GE Aerospace by 8.0%, acquiring an additional 2,033 shares, bringing its total holdings to 27,344 shares valued at $7,038,000.
• Several institutional investors, including U.S. Capital Wealth Advisors LLC and Matrix Trust Co, have significantly boosted their stakes in GE Aerospace during the second quarter, with institutional ownership now at 74.77%.
• Analysts have raised their price targets for GE Aerospace, with Royal Bank of Canada adjusting its target from $275.00 to $300.00, while UBS Group set a target of $321.00, reflecting a positive sentiment around the stock.

GAMMA Investing LLC increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,344 shares of the company's stock after purchasing an additional 2,033 shares during the quarter. GAMMA Investing LLC's holdings in GE Aerospace were worth $7,038,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth approximately $28,000. Copia Wealth Management lifted its stake in 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 acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the 1st quarter worth approximately $29,000. Finally, Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter worth $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 0.1%

Shares of GE Aerospace stock traded down $0.23 during trading on Monday, hitting $300.91. 4,191,736 shares of the stock traded hands, compared to its average volume of 4,173,121. The company has a fifty day moving average price of $274.39 and a two-hundred day moving average price of $238.13. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $303.03. The stock has a market cap of $319.09 billion, a P/E ratio of 41.97, a PEG ratio of 3.24 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS 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 previous year, the firm earned $1.20 earnings per share. The business's 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. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

GE has been the subject of several research reports. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Citigroup reissued a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada lifted their price target 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. Finally, UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

About GE Aerospace

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.