GE Aerospace $GE Position Increased by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its holdings in GE Aerospace by 79.9% during the first quarter, now owning 170,186 shares valued at $34 million.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing analysts’ estimates of $1.43, with a year-over-year revenue increase of 21.2%.
• Royal Bank of Canada raised its target price for GE Aerospace from $275 to $300, reflecting a positive outlook as the average rating remains "Moderate Buy."

Ieq Capital LLC boosted its stake in GE Aerospace (NYSE:GE - Free Report) by 79.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,186 shares of the company's stock after purchasing an additional 75,565 shares during the quarter. Ieq Capital LLC's holdings in GE Aerospace were worth $34,063,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GE. Brighton Jones LLC grew its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of GE Aerospace by 73.9% in the 4th quarter. Capital Analysts LLC now owns 560 shares of the company's stock valued at $93,000 after purchasing an additional 238 shares in the last quarter. Quarry LP lifted its stake in shares of GE Aerospace by 192.5% in the 4th quarter. Quarry LP now owns 661 shares of the company's stock valued at $110,000 after purchasing an additional 435 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in shares of GE Aerospace by 1,031.1% in the 4th quarter. Optiver Holding B.V. now owns 3,563 shares of the company's stock valued at $594,000 after purchasing an additional 3,248 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Citigroup reissued a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Ten equities 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, the company has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Down 0.3%

GE traded down $0.89 during trading hours on Friday, reaching $275.11. 5,037,097 shares of the stock traded hands, compared to its average volume of 4,053,620. The company has a market cap of $291.74 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm's fifty day simple moving average is $263.56 and its two-hundred day simple moving average is $228.84. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The company 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%.The business's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, 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. Shareholders of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend 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.