Park Edge Advisors LLC Boosts Stake in GE Aerospace $GE

Key Points

• Park Edge Advisors LLC increased its stake in GE Aerospace by 31.8% during Q2, owning 6,565 shares valued at approximately $1.69 million.
• Several other hedge funds also increased their investments, with notable stakes from GQG Partners and GAMMA Investing, indicating strong institutional interest in GE Aerospace.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding expectations, and set FY 2025 guidance at $5.600-$5.800 EPS.

Park Edge Advisors LLC increased its position in GE Aerospace (NYSE:GE - Free Report) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,565 shares of the company's stock after buying an additional 1,583 shares during the period. Park Edge Advisors LLC's holdings in GE Aerospace were worth $1,690,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock worth $18,115,065,000 after buying an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in GE Aerospace by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after buying an additional 1,492,486 shares during the period. Invesco Ltd. boosted its holdings in GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock worth $1,921,344,000 after buying an additional 54,765 shares during the period. GQG Partners LLC bought a new position in shares of GE Aerospace during the 1st quarter valued at about $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GE Aerospace by 6.8% during the 1st 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. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of NYSE GE traded up $0.11 during mid-day trading on Friday, hitting $281.67. 3,249,603 shares of the company's stock traded hands, compared to its average volume of 3,743,986. The company's 50-day moving average is $269.33 and its two-hundred day moving average is $234.15. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market capitalization of $298.69 billion, a P/E ratio of 39.28, a PEG ratio of 3.03 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $286.91.

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

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders 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 was Monday, July 7th. GE Aerospace's dividend payout ratio is currently 20.08%.

Analysts Set New Price Targets

Several research firms have commented on GE. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective 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. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

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.