V Square Quantitative Management LLC Has $4.83 Million Stock Position in GE Aerospace $GE

Key Points

• V Square Quantitative Management LLC reduced its stake in GE Aerospace by 8.1%, holding 18,770 shares valued at approximately $4.83 million, making it their 19th largest position.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, beating analysts' expectations, with revenue increasing by 21.2% year-over-year to $10.15 billion.
• The company declared a quarterly dividend of $0.36 per share, scheduled for payment on October 27th, reflecting an annualized yield of 0.5% and a payout ratio of 20.08%.

V Square Quantitative Management LLC lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,770 shares of the company's stock after selling 1,647 shares during the quarter. GE Aerospace accounts for 0.6% of V Square Quantitative Management LLC's holdings, making the stock its 19th biggest position. V Square Quantitative Management LLC's holdings in GE Aerospace were worth $4,831,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after buying an additional 692,124 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 buying an additional 1,492,486 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock valued at $1,921,344,000 after buying an additional 54,765 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of GE Aerospace by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,676,180 shares of the company's stock valued at $1,536,387,000 after buying an additional 491,207 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 0.7%

GE opened at $294.97 on Monday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $307.25. The stock's fifty day simple moving average is $277.26 and its 200 day simple moving average is $241.12. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market cap of $312.80 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 3.17 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating 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 business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The firm's revenue for the quarter 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 expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GE. UBS Group increased their price objective on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group increased their price objective on GE Aerospace from $320.00 to $350.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Citigroup reissued a "buy" rating and issued a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.92.

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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