GE Aerospace $GE Holdings Cut by Elwood Capital Partners LP

Key Points

• Elwood Capital Partners LP has reduced its holdings in GE Aerospace by 47.6%, now owning 15,402 shares valued at approximately $3.08 million, representing 2.6% of its investment portfolio.
• In its latest quarterly earnings report, GE Aerospace posted $1.66 EPS, exceeding estimates, with total revenue reaching $10.15 billion and a net margin of 18.64%.
• Wall Street analysts have largely rated GE Aerospace positively, with ten analysts giving it a "Buy" rating and a consensus price target of $232.92.

Elwood Capital Partners LP reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 47.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,402 shares of the company's stock after selling 13,977 shares during the quarter. GE Aerospace makes up 2.6% of Elwood Capital Partners LP's holdings, making the stock its 12th largest position. Elwood Capital Partners LP's holdings in GE Aerospace were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth $28,000. Copia Wealth Management increased its holdings 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 purchasing an additional 142 shares during the period. O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the first quarter worth about $33,000. First Pacific Financial boosted its position in GE Aerospace by 46.0% during the first 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, POM Investment Strategies LLC boosted its position in GE Aerospace by 1,078.6% during the first quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 151 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.1%

Shares of GE traded up $0.20 during trading hours on Monday, hitting $266.73. The stock had a trading volume of 4,300,391 shares, compared to its average volume of 5,992,907. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap of $282.85 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.87 and a beta of 1.44. The company's fifty day simple moving average is $259.88 and its 200 day simple moving average is $226.68. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50.

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 (EPS) 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 the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $1.20 EPS. The firm's quarterly revenue 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. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

GE has been the subject of several recent analyst reports. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

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.