GE Aerospace $GE Stock Position Lifted by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its position in GE Aerospace by 61.5%, owning 34,532 shares valued at approximately $8.89 million.
• GE Aerospace reported $1.66 EPS for the last quarter, surpassing analysts' expectations of $1.43, with a revenue of $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, reflecting an annualized dividend yield of 0.5% and a payout ratio of 20.08%.

Shell Asset Management Co. grew its position in GE Aerospace (NYSE:GE - Free Report) by 61.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,532 shares of the company's stock after acquiring an additional 13,145 shares during the quarter. Shell Asset Management Co.'s holdings in GE Aerospace were worth $8,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Ameriflex Group Inc. lifted its stake in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after buying an additional 331 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after purchasing an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace in the 1st quarter valued at about $203,000. Concurrent Investment Advisors LLC lifted its holdings in GE Aerospace by 25.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its position in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after purchasing an additional 9,580 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 0.4%

GE Aerospace stock opened at $298.16 on Tuesday. The business's 50-day simple moving average is $281.20 and its 200-day simple moving average is $245.15. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a market capitalization of $316.18 billion, a PE ratio of 41.58, a PEG ratio of 3.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the prior year, the company earned $1.20 EPS. The business's quarterly 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 research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a report on Saturday, September 27th. Jefferies Financial Group raised their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Zacks Research lowered GE Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

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.

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