GE Aerospace $GE Shares Sold by Owen LaRue LLC

Key Points

• Owen LaRue LLC reduced its stake in GE Aerospace by 29.0% in Q2, now holding 7,273 shares valued at approximately $1.87 million.
• Analysts have a generally positive outlook on GE Aerospace, with the majority rating it a "Buy" and several raising their target prices, including Jefferies Financial Group which increased it from $320 to $350.
• GE Aerospace declared a quarterly dividend of $0.36 per share, translating to an annualized yield of 0.5%, with the payment date set for October 27.

Owen LaRue LLC lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,273 shares of the company's stock after selling 2,975 shares during the period. Owen LaRue LLC's holdings in GE Aerospace were worth $1,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Brighton Jones LLC increased its holdings in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 150 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of GE Aerospace by 24.1% in the 4th quarter. Centaurus Financial Inc. now owns 10,836 shares of the company's stock worth $1,807,000 after acquiring an additional 2,102 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of GE Aerospace by 12.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 2,352 shares of the company's stock valued at $392,000 after acquiring an additional 263 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of GE Aerospace by 22.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,132 shares of the company's stock valued at $1,027,000 after acquiring an additional 935 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GE shares. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Citigroup reiterated a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace Stock Down 1.1%

Shares of NYSE GE opened at $297.12 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $276.63 and its two-hundred day moving average is $239.75. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The firm has a market cap of $315.08 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 3.23 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate 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 return on equity of 31.32% and a net margin of 18.64%.The company's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts predict 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 will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. 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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