MGO One Seven LLC Reduces Stock Holdings in GE Aerospace $GE

Key Points

• MGO One Seven LLC reduced its stock holdings in GE Aerospace by 5.4%, owning 43,014 shares valued at approximately $11.07 million after selling 2,463 shares in the second quarter.
• Several institutional investors, including Ameriflex Group Inc. and Global Assets Advisory LLC, have increased their stakes in GE Aerospace, reflecting a strong interest among hedge funds, which own 74.77% of the company's stock.
• GE Aerospace reported strong earnings, with $1.66 EPS for the last quarter, beating estimates, and has guidance set for FY 2025 at earnings per share between $5.600 and $5.800.

MGO One Seven LLC trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,014 shares of the company's stock after selling 2,463 shares during the period. MGO One Seven LLC's holdings in GE Aerospace were worth $11,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriflex Group Inc. boosted its position in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock worth $437,000 after purchasing an additional 331 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in GE Aerospace by 17.1% in the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock worth $1,647,000 after purchasing an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace in the first quarter worth about $203,000. Concurrent Investment Advisors LLC boosted its position in GE Aerospace by 25.1% in the first 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 boosted its position in GE Aerospace by 186.7% in the first 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. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GE shares. UBS Group lifted their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. 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. TD Cowen lifted their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $264.50.

GE Aerospace Stock Down 2.5%

Shares of GE opened at $291.96 on Monday. The business's 50 day moving average is $283.44 and its 200 day moving average is $247.67. The company has a market capitalization of $309.61 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. 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 issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion for 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 firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be paid 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 is Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is 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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