Spear Holdings RSC Ltd Invests $42.80 Million in GE Aerospace $GE

Key Points

• Spear Holdings RSC Ltd has invested approximately $42.8 million in GE Aerospace, acquiring 166,300 shares, which represents 3.1% of its portfolio.
• Institutional investors currently hold 74.77% of GE Aerospace's stock, indicating strong institutional interest in the company.
• GE Aerospace recently reported a 21.2% year-over-year increase in revenue, with a quarterly EPS of $1.66, surpassing estimates significantly.

Spear Holdings RSC Ltd bought a new position in GE Aerospace (NYSE:GE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 166,300 shares of the company's stock, valued at approximately $42,804,000. GE Aerospace makes up 3.1% of Spear Holdings RSC Ltd's portfolio, making the stock its 12th biggest holding.

Several other institutional investors have also recently made changes to their positions in GE. IMA Advisory Services Inc. bought a new position in GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management grew its position in GE Aerospace by 14,200.0% during 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 period. Nova Wealth Management Inc. bought a new position in GE Aerospace during the first quarter valued at about $29,000. Wealth Preservation Advisors LLC bought a new position in GE Aerospace during the first quarter valued at about $30,000. Finally, First Pacific Financial grew its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. Institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GE shares. Zacks Research lowered shares of GE Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Jefferies Financial Group increased their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Price Performance

NYSE GE opened at $298.16 on Tuesday. The company has a market cap of $316.18 billion, a PE ratio of 41.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. 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 firm's 50-day simple moving average is $281.20 and its two-hundred day simple moving average is $245.15.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company's revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 20.08%.

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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