Surience Private Wealth LLC Increases Stake in GE Aerospace $GE

Key Points

• Surience Private Wealth LLC increased its stake in GE Aerospace by 10.8%, owning 15,947 shares worth approximately $4.1 million, making it the company's 8th largest position.
• GE Aerospace reported earnings of $1.66 per share, exceeding analysts' estimates by $0.23, and had a revenue of $10.15 billion for the quarter.
• The company announced a quarterly dividend of $0.36 to be paid on October 27th, with a 0.5% dividend yield and a payout ratio of 20.08%.

Surience Private Wealth LLC raised its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,947 shares of the company's stock after acquiring an additional 1,554 shares during the period. GE Aerospace makes up 3.9% of Surience Private Wealth LLC's holdings, making the stock its 8th largest position. Surience Private Wealth LLC's holdings in GE Aerospace were worth $4,105,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Webster Bank N. A. lifted its stake in GE Aerospace by 2.1% in the second quarter. Webster Bank N. A. now owns 1,970 shares of the company's stock valued at $507,000 after buying an additional 41 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in shares of GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after acquiring an additional 43 shares during the last quarter. Truvestments Capital LLC increased its stake in shares of GE Aerospace by 19.5% in the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after acquiring an additional 46 shares during the last quarter. First National Bank Sioux Falls raised its position in shares of GE Aerospace by 2.8% in the 2nd quarter. First National Bank Sioux Falls now owns 1,663 shares of the company's stock valued at $428,000 after acquiring an additional 46 shares during the period. Finally, Sfmg LLC boosted its stake in GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Down 1.7%

Shares of NYSE:GE opened at $300.56 on Thursday. The firm has a market cap of $318.73 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.29 and a beta of 1.48. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $307.25. The company's fifty day simple moving average is $275.89 and its 200 day simple moving average is $239.03. 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 (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.49 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The company's 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, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on GE shares. Citigroup reaffirmed a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.92.

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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