MBB Public Markets I LLC Buys New Holdings in GE Aerospace $GE

Key Points

• MBB Public Markets I LLC acquired a new stake in GE Aerospace, purchasing 1,545 shares valued at approximately $309,000.
• GE Aerospace reported strong quarterly earnings with $1.66 earnings per share, exceeding estimates, and revenue of $10.15 billion, a 21.2% increase year-over-year.
• Several analysts raised their price targets with a consensus rating of "Moderate Buy" and an average target price of $232.92 for the stock.

MBB Public Markets I LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,545 shares of the company's stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the first quarter valued at $28,000. Copia Wealth Management increased its position in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the first quarter worth $30,000. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace in the first quarter worth $33,000. Finally, First Pacific Financial increased its position in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. Royal Bank Of Canada increased 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. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays increased 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, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Price Performance

GE opened at $283.13 on Thursday. The company has a fifty day simple moving average of $267.93 and a 200 day simple moving average of $232.56. The firm has a market cap of $300.25 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 2.97 and a beta of 1.48. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $284.41. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's revenue was up 21.2% on a year-over-year basis. During the same period last year, the business 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 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is currently 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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