MontVue Capital Management Inc. Makes New $223,000 Investment in GE Aerospace $GE

Key Points

• MontVue Capital Management Inc. has made a new investment of approximately $223,000 in GE Aerospace, acquiring 867 shares during the 2nd quarter.
• GE Aerospace recently reported a 21.2% increase in revenue year-over-year, with quarterly earnings of $1.66 per share, exceeding analysts' expectations.
• The company set its fiscal year 2025 earnings guidance between 5.600 and 5.800 EPS, while maintaining a dividend yield of 0.5%.

MontVue Capital Management Inc. acquired a new stake in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 867 shares of the company's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management increased its position in 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 buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC bought a new position in GE Aerospace in the first quarter worth approximately $30,000. Finally, O Brien Wealth Partners LLC bought a new position in GE Aerospace in the first quarter worth approximately $33,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

NYSE GE opened at $297.12 on Friday. The company has a fifty day moving average price of $276.63 and a 200-day moving average price of $239.75. The firm has a market cap of $315.08 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 3.23 and a beta of 1.48. 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 1 year low of $159.36 and a 1 year high of $307.25.

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. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The firm'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. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's payout ratio is presently 20.08%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GE. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

GE Aerospace 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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