Sage Mountain Advisors LLC Acquires 842 Shares of GE Aerospace $GE

Key Points

• Sage Mountain Advisors LLC increased its holdings in GE Aerospace by 15.1% in the second quarter, acquiring an additional 842 shares to reach a total of 6,431 shares worth approximately $1,655,000.
• GE Aerospace reported earnings of $1.66 per share for the most recent quarter, exceeding estimates of $1.46, with revenue rising 26.4% year-over-year.
• Analysts have raised their price targets for GE Aerospace, with Wolfe Research setting a target of $330.00 and Goldman Sachs increasing theirs to $305.00, reflecting a generally positive outlook.

Sage Mountain Advisors LLC boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 15.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,431 shares of the company's stock after acquiring an additional 842 shares during the quarter. Sage Mountain Advisors LLC's holdings in GE Aerospace were worth $1,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MN Wealth Advisors LLC purchased a new position in shares of GE Aerospace in the 2nd quarter worth about $201,000. West Michigan Advisors LLC boosted its holdings in shares of GE Aerospace by 8.1% in the 2nd quarter. West Michigan Advisors LLC now owns 3,554 shares of the company's stock worth $915,000 after purchasing an additional 265 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of GE Aerospace by 2.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 1,989 shares of the company's stock worth $512,000 after purchasing an additional 56 shares in the last quarter. Jackson Hole Capital Partners LLC purchased a new position in shares of GE Aerospace in the 2nd quarter worth about $203,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of GE Aerospace by 0.6% in the 2nd quarter. Asset Management One Co. Ltd. now owns 471,023 shares of the company's stock worth $121,237,000 after purchasing an additional 2,848 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.8%

Shares of NYSE:GE opened at $303.97 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.53. The firm has a market capitalization of $320.63 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.18 and a beta of 1.49. The stock has a 50 day moving average price of $289.19 and a 200-day moving average price of $254.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.73 and a current ratio of 1.08.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The business's revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

GE has been the subject of several analyst reports. Wolfe Research increased their target price on GE Aerospace from $280.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. The Goldman Sachs Group increased their target price on GE Aerospace from $271.00 to $305.00 and gave the company a "buy" rating in a report on Friday, October 10th. UBS Group set a $366.00 target price on GE Aerospace and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings restated a "buy (b)" rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $284.27.

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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