Sfm LLC Invests $284,000 in GE Aerospace $GE

Key Points

• Sfm LLC invested approximately $284,000 in GE Aerospace, purchasing 1,102 shares in the second quarter.
• Several large hedge funds, including GQG Partners LLC and Nuveen LLC, have also made significant investments in GE Aerospace, indicating strong institutional interest.
• Analysts show positive sentiment towards GE Aerospace, with multiple firms raising their price targets, including UBS Group raising it to $321.00 and Citigroup maintaining a "buy" rating.

Sfm LLC purchased a new position in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,102 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds have also bought and sold shares of the business. GQG Partners LLC purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $1,606,840,000. Nuveen LLC bought a new position in GE Aerospace during the 1st quarter valued at approximately $777,075,000. Amundi raised its stake in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after buying an additional 1,771,944 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in GE Aerospace by 7,406.4% in the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company's stock worth $242,624,000 after acquiring an additional 1,196,060 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup restated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays lifted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Eleven 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Performance

Shares of GE stock opened at $294.97 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $277.26 and a 200-day moving average price of $240.78. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a market capitalization of $312.80 billion, a PE ratio of 41.14, a P/E/G ratio of 3.17 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter last year, the company posted $1.20 earnings per share. The firm'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. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend 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 is currently 20.08%.

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.

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