GE Aerospace $GE Shares Sold by Tandem Capital Management Corp ADV

Key Points

• Tandem Capital Management Corp ADV has reduced its holdings in GE Aerospace by 12.2%, now owning 34,483 shares valued at approximately $8.88 million, making it the second-largest position in their portfolio.
• During the first quarter, several large investors including GQG Partners LLC and Amundi made significant investments and increased their stakes in GE Aerospace, with institutional investors holding 74.77% of the stock.
• GE Aerospace reported a quarterly EPS of $1.66, exceeding expectations, and set fiscal year 2025 guidance at $5.600-$5.800 EPS, alongside announcing a quarterly dividend of $0.36.

Tandem Capital Management Corp ADV reduced its position in GE Aerospace (NYSE:GE - Free Report) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,483 shares of the company's stock after selling 4,799 shares during the quarter. GE Aerospace comprises approximately 4.5% of Tandem Capital Management Corp ADV's portfolio, making the stock its 2nd biggest position. Tandem Capital Management Corp ADV's holdings in GE Aerospace were worth $8,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GE. GQG Partners LLC acquired a new stake in shares of GE Aerospace in the first quarter valued at approximately $1,606,840,000. Nuveen LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $777,075,000. Amundi lifted its holdings in shares of GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after purchasing an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of GE Aerospace by 7,406.4% during the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company's stock worth $242,624,000 after purchasing an additional 1,196,060 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GE shares. Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Zacks Research downgraded GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Jefferies Financial Group raised their target price on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $251.31.

GE Aerospace Price Performance

GE Aerospace stock opened at $302.56 on Thursday. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a market cap of $320.85 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.49. The business has a fifty day moving average of $282.43 and a two-hundred day moving average of $245.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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 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 business had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter last year, the business posted $1.20 earnings per share. The business's revenue for the quarter was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company 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 $0.36 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis 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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