Untitled Investments LP Has $4.03 Million Stock Holdings in GE Aerospace $GE

Key Points

• Untitled Investments LP significantly reduced its stake in GE Aerospace by 85.0% during the first quarter, now holding 20,125 shares valued at approximately $4 million.
• GE Aerospace's latest earnings report revealed earnings per share of $1.66, exceeding analysts' estimates by $0.23, with quarterly revenue rising by 21.2% compared to the previous year.
• Several analysts have recently issued revised ratings and target prices for GE Aerospace, with Barclays and Royal Bank Of Canada increasing their target prices to $295.00 and $300.00, respectively.

Untitled Investments LP lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 85.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,125 shares of the company's stock after selling 114,294 shares during the quarter. GE Aerospace accounts for about 1.1% of Untitled Investments LP's holdings, making the stock its 15th largest position. Untitled Investments LP's holdings in GE Aerospace were worth $4,028,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GE. Putney Financial Group LLC acquired a new position in GE Aerospace during the fourth quarter valued at $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management raised its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the period. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at $30,000. Finally, First Pacific Financial raised its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE stock traded down $0.76 during mid-day trading on Thursday, reaching $282.65. The stock had a trading volume of 1,407,601 shares, compared to its average volume of 5,844,177. The firm's 50 day simple moving average is $267.93 and its 200 day simple moving average is $232.56. 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 one year low of $159.36 and a one year high of $286.91. The firm has a market cap of $299.73 billion, a PE ratio of 39.42, a P/E/G ratio of 2.97 and a beta of 1.48.

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 for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The company'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, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays upped their price target 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, Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

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.