Kozak & Associates Inc. Sells 861 Shares of GE Aerospace $GE

Key Points

• Kozak & Associates Inc. has reduced its shares in GE Aerospace by 31%, ending the quarter with a stock position valued at $479,000.
• GE Aerospace reported a strong quarterly earnings performance, with $1.66 EPS, exceeding estimates, and a revenue of $10.15 billion, marking a 21.2% year-over-year increase.
• The company has announced a quarterly dividend of $0.36 per share, reflecting a dividend yield of 0.5% and a payout ratio of 20.08%.

Kozak & Associates Inc. decreased its stake in GE Aerospace (NYSE:GE - Free Report) by 31.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,912 shares of the company's stock after selling 861 shares during the quarter. Kozak & Associates Inc.'s holdings in GE Aerospace were worth $479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in 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 buying an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth $203,000. Sendero Wealth Management LLC increased 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 increased its stake in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after purchasing an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC increased its stake in shares of GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after purchasing an additional 9,580 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Citigroup restated a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Price Performance

Shares of NYSE:GE traded down $1.88 during midday trading on Monday, reaching $299.26. 2,184,089 shares of the company's stock were exchanged, compared to its average volume of 5,811,547. The company's 50 day simple moving average is $273.62 and its two-hundred day simple moving average is $237.38. The firm has a market capitalization of $317.35 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $303.03. 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 released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts expect 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. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) 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.