Groupe la Francaise Has $50.23 Million Holdings in GE Aerospace $GE

Key Points

• Groupe la Francaise reduced its holdings in GE Aerospace shares by 0.7%, now owning 243,792 shares valued at approximately $50.23 million.
• GE Aerospace reported a 12-month high of $281.50 and earnings of $1.66 per share for the latest quarter, surpassing estimates by $0.23, with a year-over-year revenue increase of 21.2%.
• The company recently announced a quarterly dividend of $0.36 per share, reflecting a 0.5% yield and a dividend payout ratio of 20.08%.

Groupe la Francaise decreased its holdings in GE Aerospace (NYSE:GE - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,792 shares of the company's stock after selling 1,801 shares during the quarter. GE Aerospace makes up 1.1% of Groupe la Francaise's investment portfolio, making the stock its 23rd biggest holding. Groupe la Francaise's holdings in GE Aerospace were worth $50,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Putney Financial Group LLC bought a new stake in GE Aerospace during the fourth quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the first quarter valued at $28,000. Copia Wealth Management boosted 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 acquiring an additional 142 shares during the last quarter. First Pacific Financial boosted 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 acquiring an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC bought a new stake in GE Aerospace during the first quarter valued at $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 0.1%

Shares of GE traded up $0.20 on Monday, reaching $266.73. The company's stock had a trading volume of 4,300,391 shares, compared to its average volume of 5,992,907. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The stock has a market capitalization of $282.85 billion, a PE ratio of 37.20, a PEG ratio of 2.87 and a beta of 1.44. The firm has a fifty day moving average of $259.88 and a 200-day moving average of $226.68.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm's 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. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Citigroup reissued a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average 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.