GE Aerospace $GE Shares Sold by 11 Capital Partners LP

Key Points

• 11 Capital Partners LP has reduced its stake in GE Aerospace by 23.8% during the first quarter, now holding 115,982 shares valued at approximately $23.21 million.
• Several hedge funds have increased their positions in GE Aerospace significantly, with GAMMA Investing LLC boosting its holdings by 23,611.7%, owning over 5 million shares worth approximately $1.01 billion.
• Analysts generally maintain a buy rating for GE Aerospace, with recent price targets ranging from $275.00 to $300.00, indicating positive sentiment among market experts.

11 Capital Partners LP trimmed its holdings in GE Aerospace (NYSE:GE - Free Report) by 23.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,982 shares of the company's stock after selling 36,245 shares during the quarter. GE Aerospace accounts for 7.7% of 11 Capital Partners LP's portfolio, making the stock its 5th largest holding. 11 Capital Partners LP's holdings in GE Aerospace were worth $23,214,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GE. Putney Financial Group LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management lifted its stake in shares of 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 buying an additional 142 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace in the first quarter valued at about $30,000. Finally, First Pacific Financial lifted its stake in shares of 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 buying an additional 52 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE traded down $2.62 during mid-day trading on Friday, hitting $279.65. 4,950,277 shares of the stock were exchanged, compared to its average volume of 4,005,729. The company has a market cap of $296.55 billion, a P/E ratio of 39.00, a PEG ratio of 3.04 and a beta of 1.48. The stock's fifty day simple moving average is $266.25 and its two-hundred day simple moving average is $231.07. 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 $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 for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business 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 revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. 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 presently 20.08%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" 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. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target 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.