Andrew Hill Investment Advisors Inc. Has $2.43 Million Stock Position in GE Aerospace $GE

Key Points

• Andrew Hill Investment Advisors Inc. increased its stake in GE Aerospace by 31.4%, owning 9,441 shares worth approximately $2.43 million as of the end of Q2.
• GE Aerospace reported quarterly earnings of $1.66 per share, exceeding expectations of $1.43, along with a revenue of $10.15 billion, up 21.2% year-over-year.
• The company announced a quarterly dividend of $0.36 per share, equating to an annual dividend yield of 0.5%.

Andrew Hill Investment Advisors Inc. raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 31.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,441 shares of the company's stock after purchasing an additional 2,258 shares during the quarter. GE Aerospace comprises 2.0% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 23rd largest holding. Andrew Hill Investment Advisors Inc.'s holdings in GE Aerospace were worth $2,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its position in shares of GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after buying an additional 41 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in shares of GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock worth $810,000 after buying an additional 43 shares during the period. Truvestments Capital LLC boosted its position in shares of GE Aerospace by 19.5% in 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. First National Bank Sioux Falls boosted its position in shares of GE Aerospace by 2.8% in the second quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock worth $428,000 after buying an additional 46 shares during the period. Finally, Sfmg LLC boosted its position in shares of GE Aerospace by 2.4% in 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. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Up 2.7%

NYSE GE traded up $7.77 during trading on Thursday, hitting $297.27. 3,976,781 shares of the company traded hands, compared to its average volume of 3,916,378. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $297.65. The business has a fifty day simple moving average of $272.70 and a 200 day simple moving average of $236.15. 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 company has a market capitalization of $315.23 billion, a P/E ratio of 41.46, a PEG ratio of 3.11 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's payout ratio is presently 20.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. UBS Group raised their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Citigroup reiterated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.