Jackson Square Capital LLC Purchases 3,232 Shares of GE Aerospace $GE

Key Points

• Jackson Square Capital LLC increased its stake in GE Aerospace by 54.3%, acquiring an additional 3,232 shares, bringing its total holdings to 9,186 shares worth approximately $2.36 million.
• GE Aerospace reported robust quarterly earnings, with $1.66 EPS surpassing expectations of $1.43 EPS, and a revenue of $10.15 billion compared to the anticipated $9.49 billion.
• The company announced a quarterly dividend of $0.36 on July 25, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Jackson Square Capital LLC boosted its stake in GE Aerospace (NYSE:GE - Free Report) by 54.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,186 shares of the company's stock after purchasing an additional 3,232 shares during the quarter. Jackson Square Capital LLC's holdings in GE Aerospace were worth $2,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management raised its stake in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the first quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC acquired a new position in GE Aerospace during the first quarter worth about $33,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of several research analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company upped their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Barclays upped their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Up 1.5%

Shares of GE traded up $4.53 during trading hours on Friday, reaching $301.62. The stock had a trading volume of 9,629,752 shares, compared to its average volume of 3,951,953. The company has a market capitalization of $319.85 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 3.24 and a beta of 1.48. The firm has a 50-day simple moving average of $273.62 and a 200 day simple moving average of $237.10. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $303.03. 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 released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 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%.GE Aerospace's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

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.