Redwood Investment Management LLC Takes $297,000 Position in GE Aerospace $GE

Key Points

• Redwood Investment Management LLC has taken a new position in GE Aerospace, acquiring 1,483 shares valued at approximately $297,000 during the first quarter of the year.
• Equity analysts have raised their price targets for GE Aerospace, with Wells Fargo increasing it from $34.00 to $38.00 and Citigroup issuing a new target price of $296.00.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, exceeding the consensus estimate of $1.43, and its revenue for the quarter was $10.15 billion, surpassing expectations of $9.49 billion.

Redwood Investment Management LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,483 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. Putney Financial Group LLC purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Copia Wealth Management grew its position in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after buying an additional 142 shares during the last quarter. First Pacific Financial grew its position in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the last quarter. Finally, O Brien Wealth Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GE. UBS Group lifted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Citigroup reissued a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Stock Performance

NYSE:GE traded down $0.89 during trading hours on Monday, hitting $275.11. 5,037,097 shares of the company were exchanged, compared to its average volume of 4,084,679. The company's 50 day moving average price is $263.56 and its 200-day moving average price is $228.98. The stock has a market capitalization of $291.74 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.48. 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 52-week low of $159.36 and a 52-week high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

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.