Sandhill Capital Partners LLC Sells 5,621 Shares of GE Aerospace $GE

Key Points

• Sandhill Capital Partners LLC reduced its holdings in GE Aerospace by 1.8%, selling 5,621 shares, which now account for 5.0% of its portfolio, valued at approximately $60.4 million.
• Vanguard Group increased its stake in GE Aerospace by 0.8%, now owning over 90.5 million shares worth $18.1 billion, while institutional investors collectively hold 74.77% of the stock.
• GE Aerospace reported better-than-expected quarterly earnings with an EPS of $1.66, exceeding the consensus estimate of $1.43, and set a FY 2025 guidance of 5.600-5.800 EPS.

Sandhill Capital Partners LLC decreased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,589 shares of the company's stock after selling 5,621 shares during the period. GE Aerospace makes up about 5.0% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 3rd largest position. Sandhill Capital Partners LLC's holdings in GE Aerospace were worth $60,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC boosted its stake in shares of GE Aerospace by 3.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,704 shares of the company's stock valued at $942,000 after purchasing an additional 166 shares during the period. GM Advisory Group LLC purchased a new stake in shares of GE Aerospace during the first quarter valued at $218,000. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of GE Aerospace by 41,221.8% during the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 68,181 shares of the company's stock valued at $13,646,000 after purchasing an additional 68,016 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of GE Aerospace by 4.2% during the first quarter. Legacy Financial Advisors Inc. now owns 7,088 shares of the company's stock valued at $1,419,000 after purchasing an additional 283 shares during the period. Finally, HC Advisors LLC purchased a new stake in shares of GE Aerospace during the first quarter valued at $345,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.7%

GE Aerospace stock traded down $1.9420 during trading hours on Friday, reaching $266.7680. The stock had a trading volume of 5,226,236 shares, compared to its average volume of 4,185,270. The company has a market cap of $282.89 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.89 and a beta of 1.44. 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 $259.88 and its 200-day moving average price is $226.39. 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 announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm's revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GE shares. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reaffirmed a "buy" rating and issued 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 upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Company 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.