GE Aerospace $GE Shares Bought by Smartleaf Asset Management LLC

Key Points

• Smartleaf Asset Management LLC increased its stake in GE Aerospace by 17.1%, owning 8,241 shares valued at approximately $1.65 million.
• GE Aerospace reported earnings of $1.66 per share, exceeding analysts' expectations by $0.23 and showing a 21.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.36 per share, resulting in an annualized dividend yield of 0.5%.

Smartleaf Asset Management LLC lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,241 shares of the company's stock after purchasing an additional 1,201 shares during the quarter. Smartleaf Asset Management LLC's holdings in GE Aerospace were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bahl & Gaynor Inc. grew its holdings in GE Aerospace by 1.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 5,639 shares of the company's stock worth $1,129,000 after buying an additional 58 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in GE Aerospace by 6.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 116,986 shares of the company's stock worth $23,415,000 after buying an additional 6,978 shares in the last quarter. Sax Wealth Advisors LLC grew its holdings in GE Aerospace by 19.2% in the 1st quarter. Sax Wealth Advisors LLC now owns 7,384 shares of the company's stock worth $1,478,000 after buying an additional 1,190 shares in the last quarter. AlphaQuest LLC grew its holdings in GE Aerospace by 22.0% in the 1st quarter. AlphaQuest LLC now owns 3,780 shares of the company's stock worth $757,000 after buying an additional 681 shares in the last quarter. Finally, Strategies Wealth Advisors LLC bought a new position in GE Aerospace in the 1st quarter worth approximately $253,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GE has been the subject of a number of recent analyst reports. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Price Performance

NYSE GE traded up $0.20 on Monday, reaching $266.73. 4,300,391 shares of the stock traded hands, compared to its average volume of 4,216,812. The firm's fifty day simple moving average is $260.49 and its 200 day simple moving average is $227.11. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $282.85 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 2.87 and a beta of 1.44. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $281.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. 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%.

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.