NFJ Investment Group LLC Takes Position in GE Aerospace $GE

Key Points

• NFJ Investment Group LLC acquired a new stake in GE Aerospace, purchasing 14,110 shares valued at approximately $2.8 million during the first quarter.
• Analysts have varying opinions on GE Aerospace, with Barclays raising their price target from $230 to $295 and Citigroup setting it at $296; the consensus rating remains a "Moderate Buy."
• GE Aerospace reported a 21.2% year-over-year revenue increase in its latest quarterly earnings, with reported earnings per share of $1.66, exceeding analyst expectations.

NFJ Investment Group LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,110 shares of the company's stock, valued at approximately $2,824,000.

Several other institutional investors have also modified their holdings of the stock. Putney Financial Group LLC purchased a new stake in GE Aerospace in the 4th quarter valued at about $28,000. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the 1st quarter valued at about $28,000. Copia Wealth Management raised its holdings 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 during the period. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the 1st quarter valued at about $30,000. Finally, First Pacific Financial increased 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 purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Down 0.9%

Shares of GE stock traded down $2.62 during trading hours on Friday, reaching $279.65. 4,950,277 shares of the stock were exchanged, compared to its average volume of 4,029,993. The business's fifty day moving average is $266.25 and its two-hundred day moving average is $231.37. 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 12-month low of $159.36 and a 12-month high of $284.41. The firm has a market capitalization of $296.55 billion, a P/E ratio of 39.00, a P/E/G ratio of 3.00 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping 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 firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The business'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. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio is 20.08%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GE shares. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Citigroup reiterated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

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.