Perbak Capital Partners LLP Buys New Stake in GE Aerospace $GE

Key Points

• Perbak Capital Partners LLP has acquired a new stake in GE Aerospace, purchasing 1,576 shares valued at approximately $315,000 in the first quarter.
• GE Aerospace's stock recently opened at $275.36, with a market capitalization of $292 billion and reported quarterly earnings of $1.66 per share, surpassing analyst expectations.
• Several brokerages have upgraded their price targets for GE Aerospace, with Barclays raising its target from $230 to $295 and Citigroup increasing it to $296.

Perbak Capital Partners LLP purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,576 shares of the company's stock, valued at approximately $315,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of GE Aerospace by 20.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 14,158 shares of the company's stock valued at $2,364,000 after acquiring an additional 2,451 shares during the period. Benjamin Edwards Inc. grew its position in shares of GE Aerospace by 17.6% during the fourth quarter. Benjamin Edwards Inc. now owns 18,111 shares of the company's stock worth $3,021,000 after acquiring an additional 2,708 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at $1,725,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Performance

NYSE GE opened at $275.36 on Wednesday. The stock has a market capitalization of $292.00 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.96 and a beta of 1.48. The business's 50 day moving average is $264.62 and its two-hundred day moving average is $229.77. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50. 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 posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GE. Barclays upped their target price 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. Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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