Ruffer LLP Trims Holdings in GE Aerospace $GE

Key Points

• Ruffer LLP has reduced its holdings in GE Aerospace by 7.5%, now owning 92,175 shares valued at approximately $23.7 million, making it the fund's 26th largest position.
• GE Aerospace recently received positive ratings from analysts, with Barclays and Royal Bank of Canada increasing their price objectives significantly to $295.00 and $300.00, respectively.
• The company reported strong quarterly earnings, posting $1.66 EPS and revenues of $10.15 billion, surpassing analysts' estimates and showing a year-over-year revenue increase of 21.2%.

Ruffer LLP trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,175 shares of the company's stock after selling 7,440 shares during the quarter. GE Aerospace comprises 1.0% of Ruffer LLP's holdings, making the stock its 26th largest position. Ruffer LLP's holdings in GE Aerospace were worth $23,724,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GE. Smartleaf Asset Management LLC raised its position in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company's stock valued at $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace during the first quarter valued at approximately $203,000. Sendero Wealth Management LLC raised its position in GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock valued at $8,065,000 after acquiring an additional 8,245 shares in the last quarter. Finally, Global Assets Advisory LLC raised its position in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock valued at $2,751,000 after acquiring an additional 9,580 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $300.56 on Thursday. 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 business's 50 day moving average price is $275.89 and its 200-day moving average price is $239.03. The firm has a market capitalization of $318.73 billion, a PE ratio of 41.92, a P/E/G ratio of 3.29 and a beta of 1.48. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business's revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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 dividend of $0.36 per share. The ex-dividend date is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 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.

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