GE Aerospace $GE Shares Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in GE Aerospace by 6.3%, owning 116,986 shares valued at approximately $23.4 million as of the latest SEC filing.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for GE Aerospace, with target prices raised by several firms, including Citigroup's new target of $296.00.
• GE Aerospace reported a 21.2% increase in revenue year-over-year, announcing earnings of $1.66 per share, exceeding expectations of $1.43 per share.

Northwestern Mutual Wealth Management Co. raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,986 shares of the company's stock after acquiring an additional 6,978 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in GE Aerospace were worth $23,415,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Putney Financial Group LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the first quarter worth $28,000. Copia Wealth Management lifted its holdings 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 period. First Pacific Financial boosted 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 in the last quarter. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace during the 1st quarter worth $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GE. Citigroup reissued a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, Northcoast Research lowered 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Down 0.7%

Shares of NYSE:GE opened at $266.7680 on Monday. The company has a market capitalization of $282.89 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.87 and a beta of 1.44. The stock's fifty day simple moving average is $259.88 and its 200-day simple moving average is $226.68. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $281.50. 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 announced 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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

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.

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