Logan Capital Management Inc. Grows Position in GE Aerospace $GE

Key Points

• Logan Capital Management Inc. increased its stake in GE Aerospace by **558.8%** in the first quarter, owning **27,246 shares** valued at approximately **$5.45 million**.
• Several other institutional investors also boosted their positions, with hedge funds and institutional ownership totaling **74.77%** of GE Aerospace's stock.
• GE Aerospace reported a strong quarterly earnings of **$1.66 EPS**, exceeding estimates, and announced a **quarterly dividend of $0.36** per share, reflecting a payout ratio of **20.08%**.

Logan Capital Management Inc. lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 558.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,246 shares of the company's stock after purchasing an additional 23,110 shares during the quarter. Logan Capital Management Inc.'s holdings in GE Aerospace were worth $5,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of GE Aerospace by 0.8% during the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after purchasing an additional 692,124 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Invesco Ltd. grew its holdings in shares of GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after purchasing an additional 54,765 shares in the last quarter. GQG Partners LLC purchased a new position in shares of GE Aerospace during the first quarter worth about $1,606,840,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in GE Aerospace by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company's stock worth $1,198,382,000 after buying an additional 628,458 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 0.0%

GE stock traded up $0.11 during midday trading on Friday, hitting $281.67. The company had a trading volume of 3,249,603 shares, compared to its average volume of 3,841,655. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $286.91. The stock's 50 day moving average price is $269.33 and its 200 day moving average price is $233.70. The stock has a market cap of $298.69 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 3.03 and a beta of 1.48.

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

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Citigroup restated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.