D L Carlson Investment Group Inc. Trims Stock Position in GE Aerospace $GE

Key Points

• D L Carlson Investment Group Inc. has reduced its stake in GE Aerospace by 5.7%, leaving them with 25,773 shares valued at approximately $5.16 million.
• Analyst upgrades have been mixed, with UBS raising its price target to $321 and maintaining a "buy" rating, while others like Northcoast Research downgraded to "neutral."
• GE Aerospace reported $1.66 earnings per share for the last quarter, exceeding expectations, with a 21.2% increase in revenue year-over-year.

D L Carlson Investment Group Inc. lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,773 shares of the company's stock after selling 1,564 shares during the period. GE Aerospace makes up 1.0% of D L Carlson Investment Group Inc.'s holdings, making the stock its 24th biggest position. D L Carlson Investment Group Inc.'s holdings in GE Aerospace were worth $5,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares during the period. Capital Analysts LLC grew its position in GE Aerospace by 73.9% during the fourth quarter. Capital Analysts LLC now owns 560 shares of the company's stock valued at $93,000 after buying an additional 238 shares during the period. Quarry LP grew its position in GE Aerospace by 192.5% during the fourth quarter. Quarry LP now owns 661 shares of the company's stock valued at $110,000 after buying an additional 435 shares during the period. Finally, Optiver Holding B.V. grew its position in GE Aerospace by 1,031.1% during the fourth quarter. Optiver Holding B.V. now owns 3,563 shares of the company's stock valued at $594,000 after buying an additional 3,248 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GE. UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays lifted their target price 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. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Price Performance

GE traded down $0.89 on Friday, reaching $275.11. 5,037,097 shares of the company's stock were exchanged, compared to its average volume of 4,053,620. The stock has a market cap of $291.74 billion, a PE ratio of 38.37, a P/E/G ratio of 2.97 and a beta of 1.44. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The stock's fifty day moving average price is $263.56 and its 200-day moving average price is $228.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's payout ratio is presently 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.