Sunpointe LLC Increases Stake in GE Aerospace $GE

Key Points

• Sunpointe LLC increased its stake in GE Aerospace by 53.3% in Q2, bringing its total holdings to 2,587 shares, valued at approximately $666,000.
• GE Aerospace reported a quarterly EPS of $1.66, surpassing expectations by $0.23, with total revenue reaching $10.15 billion, which is 21.2% higher year-over-year.
• The company recently announced a quarterly dividend of $0.36, contributing to an annualized dividend of $1.44 and a yield of 0.5%.

Sunpointe LLC increased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 53.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,587 shares of the company's stock after buying an additional 899 shares during the period. Sunpointe LLC's holdings in GE Aerospace were worth $666,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GE. GQG Partners LLC purchased a new stake in GE Aerospace during the 1st quarter worth approximately $1,606,840,000. GAMMA Investing LLC grew its holdings in GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after acquiring an additional 5,044,632 shares in the last quarter. Nuveen LLC acquired a new position in GE Aerospace during the 1st quarter worth approximately $777,075,000. Amundi grew its holdings in GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in GE Aerospace by 6.3% during the 1st 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. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 2.2%

GE stock opened at $293.01 on Wednesday. GE Aerospace has a one year low of $159.36 and a one year high of $294.74. The stock has a market capitalization of $310.72 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a fifty day moving average of $271.00 and a 200-day moving average of $235.11.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were 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 was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Citigroup reiterated a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.

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