NewEdge Advisors LLC Increases Stock Position in GE Aerospace $GE

Key Points

• NewEdge Advisors LLC increased its stake in GE Aerospace by 4.3%, owning 87,485 shares worth approximately $17.5 million as of the latest SEC filing.
• Wall Street analysts have shown a mixed sentiment towards GE Aerospace, with ten analysts rating it as a Buy and one holding a Hold rating, while target prices range significantly up to $321.00.
• GE Aerospace reported quarterly earnings of $1.66 per share, exceeding expectations, and announced a quarterly dividend of $0.36 per share with a yield of 0.5%.

NewEdge Advisors LLC increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,485 shares of the company's stock after buying an additional 3,572 shares during the period. NewEdge Advisors LLC's holdings in GE Aerospace were worth $17,510,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC lifted its holdings in GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after purchasing an additional 46 shares in the last quarter. Sfmg LLC lifted its holdings in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after purchasing an additional 48 shares in the last quarter. SGL Investment Advisors Inc. lifted its holdings in GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after purchasing an additional 49 shares in the last quarter. Hudock Inc. lifted its holdings in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares in the last quarter. Finally, First Pacific Financial lifted its holdings in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GE shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, UBS Group increased their target price 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

GE Aerospace stock opened at $279.65 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $284.41. The stock has a market cap of $296.55 billion, a P/E ratio of 39.00, a PEG ratio of 3.04 and a beta of 1.48. The company has a 50-day moving average price of $266.25 and a 200 day moving average price of $231.07. 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 data on Thursday, July 17th. The company reported $1.66 earnings per share (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 firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the business earned $1.20 earnings per share. GE Aerospace's 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. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were 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 of this dividend was Monday, July 7th. GE Aerospace's payout ratio 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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