GE Aerospace $GE Stock Position Increased by Maple Capital Management Inc.

Key Points

• Maple Capital Management Inc. increased its position in GE Aerospace by 28.5%, owning 65,156 shares valued at approximately $13 million as per the latest 13F filing.
• GE Aerospace reported $1.66 earnings per share for the last quarter, exceeding analysts' expectations and showing a 21.2% year-on-year revenue growth to $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, resulting in an annualized yield of 0.5%, with a payout ratio of 20.08%.

Maple Capital Management Inc. lifted its position in GE Aerospace (NYSE:GE - Free Report) by 28.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,156 shares of the company's stock after buying an additional 14,451 shares during the period. Maple Capital Management Inc.'s holdings in GE Aerospace were worth $13,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace in the 1st quarter worth $28,000. Copia Wealth Management raised its stake 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 worth $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the 1st quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace in the 1st quarter worth $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter worth $33,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

Shares of GE stock opened at $281.75 on Friday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $286.91. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $298.78 billion, a price-to-earnings ratio of 39.30, a P/E/G ratio of 3.05 and a beta of 1.48. The stock's fifty day simple moving average is $268.63 and its 200-day simple moving average is $233.13.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results 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 return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace's revenue for the quarter 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, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued 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 currently 20.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GE. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Citigroup restated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

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