Second Line Capital LLC Invests $271,000 in GE Aerospace $GE

Key Points

• Second Line Capital LLC has acquired 1,353 shares of GE Aerospace, valued at approximately $271,000, during the 1st quarter.
• Analyst ratings for GE Aerospace are mixed, with Wells Fargo raising its target price to $38 while Wall Street Zen downgraded it to a "hold" rating.
• GE Aerospace reported a quarterly earnings per share (EPS) of $1.66, surpassing estimates, and declared a quarterly dividend of $0.36 per share.

Second Line Capital LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,353 shares of the company's stock, valued at approximately $271,000.

Other hedge funds also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter valued at about $28,000. Copia Wealth Management increased its holdings in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of GE Aerospace during the 1st quarter valued at about $30,000. Finally, First Pacific Financial increased its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

Shares of GE traded up $0.16 on Tuesday, reaching $275.36. 4,076,744 shares of the stock traded hands, compared to its average volume of 5,932,014. The firm has a market cap of $292.00 billion, a price-to-earnings ratio of 38.40, a P/E/G 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 12 month low of $159.36 and a 12 month high of $281.50. The stock's 50-day moving average price is $264.10 and its 200-day moving average price is $229.45.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. GE Aerospace's quarterly 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. Equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Saturday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Citigroup reaffirmed a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Barclays lifted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target 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.