GE Aerospace $GE Stock Position Raised by Nearwater Capital Markets Ltd

Key Points

• Nearwater Capital Markets Ltd increased its stake in GE Aerospace by 98.1% during the first quarter, acquiring an additional 61,800 shares to total 124,800 shares valued at approximately $24.98 million.
• Recent analyst ratings have seen Barclays set a target price increase from $230 to $295, while GE Aerospace holds a consensus rating of "Moderate Buy" with an average target price of $232.92.
• GE Aerospace reported $10.15 billion in revenue for the last quarter, surpassing estimates, with a year-over-year revenue growth of 21.2% and earnings per share (EPS) of $1.66, above the expected $1.43.

Nearwater Capital Markets Ltd increased its position in GE Aerospace (NYSE:GE - Free Report) by 98.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,800 shares of the company's stock after acquiring an additional 61,800 shares during the period. Nearwater Capital Markets Ltd's holdings in GE Aerospace were worth $24,979,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management lifted its holdings 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 valued at $29,000 after purchasing 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 valued at approximately $30,000. Finally, First Pacific Financial raised its position in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada lifted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Down 1.2%

Shares of GE traded down $3.43 during midday trading on Monday, hitting $275.80. The company had a trading volume of 5,003,580 shares, compared to its average volume of 5,902,269. The stock has a market cap of $292.47 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 3.00 and a beta of 1.48. The company's 50 day moving average price is $266.25 and its 200 day moving average price is $231.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter last year, the company posted $1.20 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio 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.