Lynx Investment Advisory Buys New Shares in GE Aerospace $GE

Key Points

• Lynx Investment Advisory has purchased 867 shares of GE Aerospace, valued at approximately $223,000, indicating growing interest from institutional investors.
• Analysts have set new price targets for GE Aerospace, with Jefferies raising their target from $320 to $350, affirming the stock's "buy" rating.
• GE Aerospace reported robust quarterly earnings, surpassing estimates with $1.66 earnings per share and revenue of $10.15 billion, up 21.2% year-over-year.

Lynx Investment Advisory bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 867 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Impact Capital Partners LLC grew its stake in shares of GE Aerospace by 3.0% in the second quarter. Impact Capital Partners LLC now owns 2,822 shares of the company's stock valued at $726,000 after buying an additional 81 shares in the last quarter. Childress Capital Advisors LLC boosted its position in GE Aerospace by 13.5% during the second quarter. Childress Capital Advisors LLC now owns 3,819 shares of the company's stock worth $983,000 after purchasing an additional 454 shares during the period. Consolidated Portfolio Review Corp bought a new position in GE Aerospace during the second quarter worth $949,000. TABR Capital Management LLC bought a new position in GE Aerospace during the second quarter worth $206,000. Finally, LBP AM SA boosted its position in GE Aerospace by 9.2% during the second quarter. LBP AM SA now owns 87,607 shares of the company's stock worth $22,549,000 after purchasing an additional 7,347 shares during the period. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on GE. Jefferies Financial Group lifted their price objective on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. UBS Group lifted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Up 2.6%

GE opened at $301.18 on Wednesday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $307.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a market capitalization of $319.38 billion, a P/E ratio of 42.01, a P/E/G ratio of 3.16 and a beta of 1.48. The stock has a fifty day moving average of $278.71 and a 200-day moving average of $242.20.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $1.20 earnings per share. The company's revenue was up 21.2% on a year-over-year basis. 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 EPS for the current year.

GE Aerospace Announces Dividend

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

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