Hamilton Capital LLC Invests $208,000 in GE Aerospace $GE

Key Points

• Hamilton Capital LLC purchased a new stake in GE Aerospace, acquiring 1,039 shares valued at approximately $208,000 in the first quarter of 2023.
• Several institutional investors increased their positions substantially in GE Aerospace, with Sendero Wealth Management LLC leading at a 526.6% increase, bringing their total holdings to 15,008 shares worth $3,004,000.
• GE Aerospace reported $1.66 earnings per share for the last quarter, surpassing analysts' expectations of $1.43, and also announced a quarterly dividend of $0.36, yielding 0.5% annually.

Hamilton Capital LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,039 shares of the company's stock, valued at approximately $208,000.

A number of other hedge funds have also recently bought and sold shares of GE. GQG Partners LLC acquired a new stake in GE Aerospace during the first quarter worth approximately $1,606,840,000. GAMMA Investing LLC boosted its holdings in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Nuveen LLC acquired a new position in shares of GE Aerospace in the 1st quarter valued at $777,075,000. Amundi boosted its holdings in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after purchasing an additional 1,673,365 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GE shares. Barclays lifted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. UBS Group raised 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. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Trading Up 2.5%

Shares of GE stock traded up $6.89 during mid-day trading on Wednesday, reaching $283.13. The company's stock had a trading volume of 3,188,972 shares, compared to its average volume of 5,870,348. The company's 50 day simple moving average is $267.16 and its 200-day simple moving average is $232.21. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $284.41. 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 firm has a market capitalization of $300.25 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is 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.