Landscape Capital Management L.L.C. Has $1.85 Million Stock Holdings in GE Aerospace $GE

Key Points

• Landscape Capital Management L.L.C. increased its holdings in GE Aerospace significantly by 130.6%, owning 9,240 shares valued at approximately $1.85 million as of the end of the most recent quarter.
• Analysts have recently upgraded their ratings for GE Aerospace, with ten analysts rating the stock as a Buy and setting an average price target of $232.92, up from previous estimations.
• GE Aerospace reported strong earnings results, with an EPS of $1.66 surpassing estimates, and a year-over-year revenue increase of 21.2% to $10.15 billion.

Landscape Capital Management L.L.C. grew its position in GE Aerospace (NYSE:GE - Free Report) by 130.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,240 shares of the company's stock after buying an additional 5,233 shares during the period. Landscape Capital Management L.L.C.'s holdings in GE Aerospace were worth $1,849,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new position in GE Aerospace in the fourth quarter valued at about $28,000. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management grew its position in shares of 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 period. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace during the 1st quarter worth approximately $30,000. Finally, First Pacific Financial raised its holdings in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 1.1%

GE Aerospace stock opened at $276.30 on Friday. The company has a market cap of $292.99 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 2.94 and a beta of 1.44. The firm has a 50-day moving average of $262.83 and a 200-day moving average of $228.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. GE Aerospace has a one year low of $159.36 and a one year high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released 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 business had revenue of $10.15 billion for 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 revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. 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.

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