Teamwork Financial Advisors LLC Invests $2.49 Million in GE Aerospace $GE

Key Points

• Teamwork Financial Advisors LLC has made a significant investment of approximately $2.49 million in GE Aerospace, acquiring 9,658 shares during the 2nd quarter.
• Wall Street analysts are optimistic about GE Aerospace, with ten analysts giving the stock a "Buy" rating and a consensus price target currently set at $232.92.
• GE Aerospace recently reported a quarterly earnings per share (EPS) of $1.66, exceeding estimates, and announced a quarterly dividend of $0.36, leading to a 0.5% dividend yield.

Teamwork Financial Advisors LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,658 shares of the company's stock, valued at approximately $2,486,000.

A number of other institutional investors have also recently made changes to their positions in GE. GQG Partners LLC purchased a new position in shares of GE Aerospace during the first quarter valued at about $1,606,840,000. GAMMA Investing LLC grew its position in shares of GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Nuveen LLC purchased a new position in shares of GE Aerospace during the first quarter valued at about $777,075,000. Amundi grew its position in shares of GE Aerospace by 124.0% during 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of GE Aerospace by 6.3% in the 1st 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 acquiring an additional 1,492,486 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GE. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, Barclays increased their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Up 0.0%

NYSE GE traded up $0.11 during trading on Friday, hitting $281.67. The stock had a trading volume of 3,249,603 shares, compared to its average volume of 3,743,986. 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 stock has a market capitalization of $298.69 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 3.03 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $286.91. The stock has a 50 day simple moving average of $269.33 and a 200 day simple moving average of $234.15.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. The business had revenue of $10.15 billion during 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 firm's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 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.