Groupama Asset Managment Sells 1,714 Shares of GE Aerospace $GE

Key Points

• Groupama Asset Management reduced its stake in GE Aerospace by 12.2% during the first quarter, selling 1,714 shares and bringing its total holdings to 12,371 shares valued at $2,473,000.
• Several institutional investors made significant moves, including Sendero Wealth Management, which increased its position by 526.6% to own 15,008 shares worth $3,004,000.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, surpassing expectations, and set a fiscal year 2025 guidance of $5.600-5.800 EPS.

Groupama Asset Managment lowered its holdings in GE Aerospace (NYSE:GE - Free Report) by 12.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,371 shares of the company's stock after selling 1,714 shares during the quarter. Groupama Asset Managment's holdings in GE Aerospace were worth $2,473,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares during the last quarter. First Trust Advisors LP grew its stake in shares of GE Aerospace by 2.1% in the 4th quarter. First Trust Advisors LP now owns 248,327 shares of the company's stock valued at $41,418,000 after purchasing an additional 5,198 shares during the last quarter. Natixis grew its stake in shares of GE Aerospace by 63.2% in the 4th quarter. Natixis now owns 12,052 shares of the company's stock valued at $2,010,000 after purchasing an additional 4,669 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of GE Aerospace by 12.5% in the 4th quarter. MML Investors Services LLC now owns 146,299 shares of the company's stock valued at $24,401,000 after purchasing an additional 16,298 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE GE traded down $1.9420 during trading on Friday, reaching $266.7680. The company had a trading volume of 5,226,236 shares, compared to its average volume of 6,003,463. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The stock has a market capitalization of $282.89 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 2.87 and a beta of 1.44. The stock has a 50-day moving average price of $259.27 and a two-hundred day moving average price of $225.94. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its 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 business 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 company'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 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company 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. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Analyst Ratings Changes

GE has been the topic of several analyst reports. UBS Group lifted their target price on 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 target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup restated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.