GE Aerospace $GE Shares Sold by Unio Capital LLC

Key Points

• Unio Capital LLC decreased its stake in GE Aerospace by 3.1%, now holding 75,978 shares valued at approximately $15.2 million.
• Analysts have raised their price targets for GE Aerospace, with several firms setting targets as high as $321.00, reflecting strong confidence in the company's growth potential.
• GE Aerospace reported quarterly earnings of $1.66 per share and a revenue of $10.15 billion, exceeding analysts' expectations and indicating a year-over-year revenue increase of 21.2%.

Unio Capital LLC trimmed its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,978 shares of the company's stock after selling 2,396 shares during the quarter. GE Aerospace comprises 5.8% of Unio Capital LLC's investment portfolio, making the stock its 7th biggest holding. Unio Capital LLC's holdings in GE Aerospace were worth $15,207,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management lifted its position in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the 1st quarter worth approximately $33,000. Finally, First Pacific Financial lifted its position in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays raised their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company raised their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Citigroup reissued a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $279.65 on Friday. The stock has a fifty day moving average price of $266.25 and a 200 day moving average price of $231.21. The stock has a market cap of $296.55 billion, a PE ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $284.41. 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 issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is currently 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.

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