2,791 Shares in GE Aerospace $GE Acquired by Park Capital Management LLC WI

Key Points

• Park Capital Management LLC has invested approximately $718,000 in GE Aerospace, acquiring 2,791 shares, making it the 29th largest position in their portfolio.
• Several institutions, including Sendero Wealth Management LLC and Smartleaf Asset Management LLC, have significantly increased their stakes in GE Aerospace during the first quarter, highlighting positive investor interest.
• Research firms have upgraded their ratings on GE Aerospace to "buy," with a consensus target price of $232.92, reflecting growing optimism about the company's financial performance.

Park Capital Management LLC WI acquired a new stake in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,791 shares of the company's stock, valued at approximately $718,000. GE Aerospace comprises approximately 0.7% of Park Capital Management LLC WI's holdings, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after buying an additional 692,124 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after buying an additional 1,492,486 shares during the last quarter. Invesco Ltd. grew its holdings in shares of GE Aerospace by 0.6% during the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock valued at $1,921,344,000 after purchasing an additional 54,765 shares during the last quarter. GQG Partners LLC bought a new position in shares of GE Aerospace during the first quarter valued at approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of GE Aerospace by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock valued at $1,536,387,000 after purchasing an additional 491,207 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE stock traded up $4.53 during trading on Friday, reaching $301.62. 9,629,752 shares of the stock were exchanged, compared to its average volume of 3,951,953. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $303.03. The stock has a 50 day simple moving average of $273.62 and a 200-day simple moving average of $237.10. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $319.85 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 3.24 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 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace'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, 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 disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's payout ratio is 20.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada upped their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.