GE Aerospace $GE Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in GE Aerospace by 2.6%, owning 288,904 shares valued at approximately $57.8 million after selling 7,660 shares in the first quarter.
• Several hedge funds increased their stakes in GE Aerospace, notably Copia Wealth Management which raised its holdings by an astonishing 14,200%, now owning 143 shares valued at $29,000.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing estimates, and achieved revenue of $10.15 billion, marking a 21.2% year-over-year increase.

MetLife Investment Management LLC lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,904 shares of the company's stock after selling 7,660 shares during the period. MetLife Investment Management LLC's holdings in GE Aerospace were worth $57,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management increased its holdings in shares of GE Aerospace by 14,200.0% in the 1st 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 last quarter. O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter valued at about $33,000. First Pacific Financial increased its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Finally, POM Investment Strategies LLC increased its holdings in shares of GE Aerospace by 1,078.6% in the 1st quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GE shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada increased their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Down 0.7%

NYSE:GE opened at $266.7680 on Friday. The stock's 50 day moving average price is $259.88 and its 200 day moving average price is $226.54. The company has a market capitalization of $282.89 billion, a PE ratio of 37.21, a P/E/G ratio of 2.87 and a beta of 1.44. 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 has a 52-week low of $159.36 and a 52-week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $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. On average, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business 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 dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

GE Aerospace 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.

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