ST Germain D J Co. Inc. Has $2.70 Million Stock Position in GE Aerospace $GE

Key Points

• ST Germain D J Co. Inc. increased its stake in GE Aerospace by 33.8%, bringing its total investment to $2.70 million as of the latest SEC filing.
• Several hedge funds made significant adjustments to their holdings in GE Aerospace, with GQG Partners LLC acquiring a $1.6 billion stake in the first quarter and institutional investors owning 74.77% of the company's stock.
• Analysts have varied perspectives on GE Aerospace, with target prices ranging from $230 to $350, and a consensus rating of "Moderate Buy" based on recent reports.

ST Germain D J Co. Inc. boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 33.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,507 shares of the company's stock after purchasing an additional 2,655 shares during the quarter. ST Germain D J Co. Inc.'s holdings in GE Aerospace were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GQG Partners LLC acquired a new stake in GE Aerospace during the 1st quarter worth $1,606,840,000. GAMMA Investing LLC boosted its position in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Nuveen LLC acquired a new stake in shares of GE Aerospace during the first quarter worth $777,075,000. Amundi increased its holdings in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake 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 valued at $5,030,028,000 after buying an additional 1,492,486 shares during the period. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of several analyst reports. Barclays boosted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $241.92.

GE Aerospace Stock Down 1.1%

GE Aerospace stock opened at $297.12 on Friday. The company has a 50 day moving average of $276.63 and a 200-day moving average of $239.75. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $307.25. The stock has a market capitalization of $315.08 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend 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 currently 20.08%.

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.

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