Grandfield & Dodd LLC Cuts Stock Position in GE Aerospace $GE

Key Points

• Grandfield & Dodd LLC reduced its position in GE Aerospace by 1.0%, now holding 269,869 shares valued at $69.46 million, constituting 4.1% of its portfolio.
• In the latest earnings report, GE Aerospace surpassed analyst expectations with $1.66 earnings per share, and a revenue of $10.15 billion, marking a 21.2% increase year-over-year.
• The company announced a quarterly dividend of $0.36 per share, equating to an annualized yield of 0.5% and demonstrating a dividend payout ratio of 20.08%.

Grandfield & Dodd LLC decreased its position in GE Aerospace (NYSE:GE - Free Report) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 269,869 shares of the company's stock after selling 2,701 shares during the period. GE Aerospace comprises approximately 4.1% of Grandfield & Dodd LLC's portfolio, making the stock its 2nd biggest holding. Grandfield & Dodd LLC's holdings in GE Aerospace were worth $69,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Terril Brothers Inc. boosted its stake in GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company's stock worth $362,000 after purchasing an additional 37 shares during the period. Old North State Wealth Management LLC boosted its stake in GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock worth $542,000 after purchasing an additional 39 shares during the period. Stephens Consulting LLC boosted its stake in GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company's stock worth $66,000 after purchasing an additional 39 shares during the period. Francis Financial Inc. boosted its stake in GE Aerospace by 3.3% in the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company's stock worth $313,000 after purchasing an additional 39 shares during the period. Finally, Webster Bank N. A. boosted its stake in GE Aerospace by 2.1% in the 2nd quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock worth $507,000 after purchasing an additional 41 shares during the period. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Performance

GE stock opened at $299.18 on Friday. 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 business's fifty day simple moving average is $282.99 and its two-hundred day simple moving average is $246.55. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The firm has a market cap of $317.26 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 3.25 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 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 analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The business'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. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GE shares. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. UBS Group increased their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $350.00 target price on shares of GE Aerospace in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $251.31.

GE Aerospace 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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