885,807 Shares in GE Aerospace $GE Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new position in GE Aerospace, purchasing 885,807 shares valued at approximately $227.99 million in the second quarter.
• GE Aerospace reported earnings per share of $1.66 for the last quarter, exceeding the consensus estimate of $1.43, and its revenue rose by 21.2% year-over-year.
• The company declared a quarterly dividend of $0.36, with a dividend yield of 0.5% and a payout ratio of 20.08%, payable on October 27th to stockholders of record.

Kingstone Capital Partners Texas LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 885,807 shares of the company's stock, valued at approximately $227,998,000. Kingstone Capital Partners Texas LLC owned 0.08% of GE Aerospace at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after acquiring an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in shares of GE Aerospace in the 1st quarter valued at about $203,000. Sendero Wealth Management LLC boosted its stake in shares of GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after purchasing an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of GE Aerospace by 25.1% in the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after acquiring an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC raised its holdings in GE Aerospace by 186.7% in the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after buying an additional 9,580 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $4.53 on Friday, hitting $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 debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $303.03. The company has a market capitalization of $319.85 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. The firm's 50 day moving average price is $273.62 and its 200-day moving average price is $237.10.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on GE. UBS Group upped their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Royal Bank Of Canada increased their price target 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.