GE Aerospace $GE Holdings Trimmed by Westbourne Investments Inc.

Key Points

• Westbourne Investments Inc. reduced its stake in GE Aerospace by 4.1%, now holding 34,373 shares, which represent 4.2% of its total portfolio valued at approximately $6.88 million.
• GE Aerospace reported strong quarterly earnings, with an EPS of $1.66, exceeding forecasts, and revenue of $10.15 billion, up 21.2% from the previous year.
• The company has announced a quarterly dividend of $0.36 per share, representing an annual yield of 0.5%, while maintaining a dividend payout ratio of 20.08%.

Westbourne Investments Inc. cut its position in shares of GE Aerospace (NYSE:GE - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,373 shares of the company's stock after selling 1,470 shares during the quarter. GE Aerospace makes up about 4.2% of Westbourne Investments Inc.'s holdings, making the stock its 2nd biggest position. Westbourne Investments Inc.'s holdings in GE Aerospace were worth $6,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC purchased a new position in GE Aerospace in the fourth quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management boosted its stake in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace in the first quarter valued at about $30,000. Finally, First Pacific Financial boosted its stake in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.6%

Shares of GE Aerospace stock opened at $277.86 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a 50-day moving average of $267.16 and a 200 day moving average of $232.21. The firm has a market cap of $294.66 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 2.97 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $284.41.

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 (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. GE Aerospace's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

GE has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price 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.

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