KG&L Capital Management LLC Invests $362,000 in GE Aerospace $GE

Key Points

• KG&L Capital Management LLC has invested approximately $362,000 in GE Aerospace by acquiring 1,408 shares, as reported in their recent 13F filing.
• GE Aerospace reported $1.66 EPS for the quarter, surpassing analysts' expectations of $1.43, along with a significant increase in quarterly revenue of 21.2%.
• The company declared a quarterly dividend of $0.36 per share, with an annualized dividend yield of 0.5%.

KG&L Capital Management LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,408 shares of the company's stock, valued at approximately $362,000.

Several other hedge funds also recently added to or reduced their stakes in GE. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management increased its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of GE Aerospace in the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace during the first quarter worth $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the first quarter worth $33,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.7%

Shares of GE opened at $294.97 on Monday. The stock has a 50 day moving average price of $277.26 and a 200 day moving average price of $241.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $312.80 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 3.17 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last announced its 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. The company had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued 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 is presently 20.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GE shares. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $241.92.

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.

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