GE Aerospace $GE Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its stake in GE Aerospace by 6.5%, selling 1,513 shares and holding 21,750 shares valued at $4.35 million.
• Several institutional investors increased their positions in GE Aerospace, including Aptus Capital Advisors LLC, which boosted its stake by 333.1% to 61,317 shares.
• The company reported stronger-than-expected earnings of $1.66 per share, beating estimates by $0.23, with a revenue of $10.15 billion for the quarter.

RWA Wealth Partners LLC lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 6.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,750 shares of the company's stock after selling 1,513 shares during the period. RWA Wealth Partners LLC's holdings in GE Aerospace were worth $4,353,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rainey & Randall Wealth Advisors Inc. purchased a new stake in shares of GE Aerospace during the first quarter valued at approximately $203,000. Sendero Wealth Management LLC raised its stake in shares of GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after purchasing an additional 12,613 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after purchasing an additional 8,245 shares during the period. Global Assets Advisory LLC raised its stake in shares of GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after purchasing an additional 9,580 shares during the period. Finally, Leisure Capital Management acquired a new stake in shares of GE Aerospace during the first quarter worth approximately $222,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Performance

GE Aerospace stock traded down $1.9420 during mid-day trading on Friday, reaching $266.7680. The company's stock had a trading volume of 5,226,236 shares, compared to its average volume of 4,185,270. The firm has a market cap of $282.89 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.87 and a beta of 1.44. The business has a 50 day moving average price of $259.88 and a 200-day moving average price of $226.54. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

GE Aerospace Company 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.