Silverberg Bernstein Capital Management LLC Raises Stake in GE Aerospace $GE

Key Points

• Silverberg Bernstein Capital Management LLC increased its holdings in GE Aerospace by 213.7%, bringing its total to 6,296 shares valued at approximately $1,621,000.
• Multiple analysts have upgraded their ratings for GE Aerospace, with Citigroup raising its target price from $227.00 to $296.00 and Royal Bank of Canada changing from $275.00 to $300.00.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding expectations and contributing to a revenue of $10.15 billion, a year-over-year increase of 21.2%.

Silverberg Bernstein Capital Management LLC lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 213.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,296 shares of the company's stock after acquiring an additional 4,289 shares during the period. GE Aerospace makes up approximately 1.1% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 25th largest holding. Silverberg Bernstein Capital Management LLC's holdings in GE Aerospace were worth $1,621,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GE. Putney Financial Group LLC purchased a new stake in GE Aerospace in the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the first quarter valued at approximately $28,000. Copia Wealth Management boosted its position in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the first quarter valued at approximately $29,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

NYSE GE traded up $6.23 during mid-day trading on Tuesday, hitting $293.01. The stock had a trading volume of 5,535,685 shares, compared to its average volume of 3,794,962. The firm's 50 day moving average is $271.00 and its 200 day moving average is $235.11. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $294.74. 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 stock has a market capitalization of $310.72 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company earned $1.20 EPS. The firm's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's dividend payout ratio is currently 20.08%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citigroup reissued a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

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.