GE Aerospace (NYSE:GE) Shares Acquired by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC increased its stake in GE Aerospace by 60.6%, holding 3,496 shares valued at $700,000 as of the first quarter.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding expectations of $1.43, with revenue of $10.15 billion, up 21.2% year-over-year.
• Analysts have raised price targets for GE Aerospace, with UBS Group setting a new target of $321.00 and maintaining a "buy" rating on the stock.

Integrated Investment Consultants LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 60.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,496 shares of the company's stock after purchasing an additional 1,319 shares during the quarter. Integrated Investment Consultants LLC's holdings in GE Aerospace were worth $700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in 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 buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the period. Congress Wealth Management LLC DE increased its stake in shares of GE Aerospace by 7.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 8,826 shares of the company's stock worth $1,472,000 after buying an additional 591 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of GE Aerospace by 4.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 4,407 shares of the company's stock worth $735,000 after buying an additional 193 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in shares of GE Aerospace by 32.4% during the fourth quarter. UniSuper Management Pty Ltd now owns 64,557 shares of the company's stock worth $10,767,000 after buying an additional 15,788 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada upped their price target on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Citigroup reaffirmed a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

NYSE:GE traded down $0.60 during trading hours on Tuesday, hitting $270.01. The company's stock had a trading volume of 1,655,357 shares, compared to its average volume of 6,215,469. The business's 50-day moving average is $249.09 and its two-hundred day moving average is $216.28. The company has a market capitalization of $286.33 billion, a PE ratio of 37.68, a PEG ratio of 3.11 and a beta of 1.37. 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 has a 52-week low of $150.20 and a 52-week high of $273.80.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. GE Aerospace's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal 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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.53%. GE Aerospace's dividend payout ratio is currently 20.08%.

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.