Versant Capital Management Inc Sells 1,332 Shares of GE Aerospace $GE

Key Points

• Versant Capital Management Inc sold 1,332 shares of GE Aerospace, reducing its stake by 8.4%, leaving them with 14,539 shares valued at approximately $3.74 million.
• GE Aerospace reported a 21.2% year-over-year revenue increase for the latest quarter, amounting to $10.15 billion, and exceeded earnings per share estimates by $0.23.
• Several institutional investors have increased their stakes in GE Aerospace, including Vanguard Group and Price T Rowe Associates, reflecting a strong interest in the company's performance; institutional investors now own 74.77% of the stock.

Versant Capital Management Inc trimmed its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,539 shares of the company's stock after selling 1,332 shares during the period. GE Aerospace accounts for 0.6% of Versant Capital Management Inc's portfolio, making the stock its 28th largest holding. Versant Capital Management Inc's holdings in GE Aerospace were worth $3,742,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GE. GQG Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $1,606,840,000. GAMMA Investing LLC grew its stake in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after buying an additional 5,044,632 shares in the last quarter. Nuveen LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $777,075,000. Amundi grew its stake in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.0%

GE traded up $0.11 on Friday, reaching $281.67. 3,249,603 shares of the company traded hands, compared to its average volume of 3,743,986. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The firm has a fifty day simple moving average of $269.33 and a two-hundred day simple moving average of $234.15. The company has a market cap of $298.69 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. 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 (NYSE:GE - Get Free Report) last announced its quarterly earnings data 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 net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the business posted $1.20 EPS. The firm'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, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on GE. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup restated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Ten 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, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

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.