Orser Capital Management LLC Decreases Holdings in GE Aerospace $GE

Key Points

• Orser Capital Management LLC significantly reduced its holdings in GE Aerospace by 86.2% in the second quarter, selling 5,220 shares and leaving them with 837 shares valued at $215,000.
• Analysts have raised their price targets for GE Aerospace, with Wells Fargo increasing it from $34 to $38 and UBS raising it from $300 to $321, indicating a positive outlook for the company.
• GE Aerospace reported a 21.2% increase in revenue year-over-year for the latest quarter, reaching $10.15 billion, and also announced a quarterly dividend of $0.36 per share.

Orser Capital Management LLC cut its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 86.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 837 shares of the company's stock after selling 5,220 shares during the quarter. Orser Capital Management LLC's holdings in GE Aerospace were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the fourth quarter worth $28,000. IMA Advisory Services Inc. bought a new position in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in shares of GE Aerospace during the 1st quarter worth approximately $29,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth approximately $30,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on GE. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Up 2.2%

Shares of GE traded up $6.23 during trading hours on Tuesday, hitting $293.01. The stock had a trading volume of 5,535,685 shares, compared to its average volume of 3,794,962. The firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.48. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $294.74. The firm has a 50 day simple moving average of $271.00 and a 200-day simple moving average of $235.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 EPS 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's payout ratio is currently 20.08%.

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.