Moody Lynn & Lieberson LLC Raises Position in GE Aerospace $GE

Key Points

• Moody Lynn & Lieberson LLC increased its stake in GE Aerospace by 22.9%, acquiring a total of 34,878 shares valued at approximately $8.97 million as of the end of the second quarter.
• Analysts have issued positive ratings on GE Aerospace, with eleven analysts rating the stock as a Buy and raising target prices, some exceeding $321.00.
• GE Aerospace reported a strong earnings performance with $1.66 EPS for the quarter, surpassing expectations and showing a 21.2% year-over-year revenue increase.

Moody Lynn & Lieberson LLC raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,878 shares of the company's stock after acquiring an additional 6,494 shares during the quarter. Moody Lynn & Lieberson LLC's holdings in GE Aerospace were worth $8,977,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in GE Aerospace in the first quarter worth $28,000. Copia Wealth Management grew its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new position in GE Aerospace during the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the 1st quarter valued at about $30,000. Finally, First Pacific Financial boosted its stake in GE Aerospace by 46.0% during 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 own 74.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $294.97 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $277.26 and a 200-day moving average price of $241.12. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a market capitalization of $312.80 billion, a PE ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. 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 year.

GE Aerospace Dividend Announcement

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