GE Aerospace $GE is Milestones Administradora de Recursos Ltda.'s 3rd Largest Position

Key Points

• Milestones Administradora de Recursos Ltda. has increased its stake in GE Aerospace by 137.2%, making it the fund's third largest position with holdings worth approximately $37.77 million.
• Analysts have raised their target prices for GE Aerospace, with Jefferies increasing it from $320 to $350, indicating a strong buy rating for the stock.
• GE Aerospace reported a 21.2% revenue increase year-over-year, achieving $10.15 billion in quarterly revenue and beating expectations significantly.

Milestones Administradora de Recursos Ltda. grew its stake in GE Aerospace (NYSE:GE - Free Report) by 137.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,725 shares of the company's stock after buying an additional 84,865 shares during the period. GE Aerospace accounts for 12.9% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 3rd biggest position. Milestones Administradora de Recursos Ltda.'s holdings in GE Aerospace were worth $37,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Old North State Wealth Management LLC raised its stake in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after acquiring an additional 39 shares during the last quarter. Webster Bank N. A. raised its position in GE Aerospace by 2.1% during the 2nd 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 last quarter. Pacific Sage Partners LLC raised its position in GE Aerospace by 3.5% during the 2nd quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock worth $314,000 after buying an additional 41 shares during the last quarter. Ascent Capital Management LLC raised its position in GE Aerospace by 1.9% during the 2nd quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock worth $585,000 after buying an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its position in GE Aerospace by 1.1% during the 1st 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 last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GE. Jefferies Financial Group raised their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Zacks Research lowered GE Aerospace from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $251.31.

GE Aerospace Stock Down 2.5%

GE opened at $291.96 on Friday. 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 fifty-two week low of $159.36 and a fifty-two week high of $307.25. The company has a fifty day moving average of $283.44 and a two-hundred day moving average of $247.10. The stock has a market capitalization of $309.61 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 3.22 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly 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. 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 previous year, the business earned $1.20 EPS. GE Aerospace'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. On average, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date is Monday, September 29th. 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 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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