Knightsbridge Asset Management LLC Invests $312,000 in GE Aerospace $GE

Key Points

• Knightsbridge Asset Management LLC has invested approximately $312,000 in GE Aerospace, acquiring 1,560 shares of the company's stock.
• GE Aerospace reported earnings of $1.66 per share, surpassing estimates, and has projected FY 2025 EPS guidance between 5.600-5.800.
• The company recently announced a quarterly dividend of $0.36 per share, with a dividend yield of 0.5% and a payout ratio of 20.08%.

Knightsbridge Asset Management LLC purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,560 shares of the company's stock, valued at approximately $312,000.

Other large investors have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new stake in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management lifted its stake in GE Aerospace by 14,200.0% in 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 during the last quarter. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $30,000. Finally, First Pacific Financial lifted its stake in GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, UBS Group increased 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. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $0.31 during trading hours on Tuesday, reaching $276.36. 3,073,146 shares of the stock were exchanged, compared to its average volume of 4,112,421. The stock's fifty day simple moving average is $267.16 and its 200 day simple moving average is $232.21. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $284.41. The firm has a market capitalization of $293.06 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 2.97 and a beta of 1.48. 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 (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 analysts' consensus estimates 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 analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business's revenue 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. Sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio is presently 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.