GE Aerospace $GE Shares Sold by Hhlr Advisors LTD.

Key Points

• Hhlr Advisors LTD. has reduced its stake in GE Aerospace by 34.6% in Q1 2023, now holding 6,757 shares valued at $1.35 million.
• Several institutional investors have increased their holdings in GE Aerospace, with First Pacific Financial boosting its stake by 46% during the same quarter.
• Analysts have a predominantly positive outlook, with ten ratings classified as "Buy" and a consensus target price of $232.92 for GE Aerospace shares.

Hhlr Advisors LTD. lessened its stake in GE Aerospace (NYSE:GE - Free Report) by 34.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,757 shares of the company's stock after selling 3,571 shares during the quarter. Hhlr Advisors LTD.'s holdings in GE Aerospace were worth $1,352,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GE. Truvestments Capital LLC raised its stake in GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after buying an additional 46 shares in the last quarter. Sfmg LLC raised its position in shares of GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after acquiring an additional 48 shares in the last quarter. SGL Investment Advisors Inc. raised its position in shares of GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after acquiring an additional 49 shares in the last quarter. Hudock Inc. lifted its stake in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after purchasing an additional 50 shares during the last quarter. Finally, First Pacific Financial boosted its holdings in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GE. Citigroup reissued a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Down 0.3%

Shares of GE Aerospace stock opened at $275.11 on Monday. 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 has a 1-year low of $159.36 and a 1-year high of $281.50. The business's fifty day moving average price is $263.56 and its two-hundred day moving average price is $228.98. The company has a market capitalization of $291.74 billion, a P/E ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. The company'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. As a group, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend 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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