Vident Advisory LLC Increases Position in GE Aerospace $GE

Key Points

• Vident Advisory LLC increased its stake in GE Aerospace by 5.5%, purchasing 5,933 shares, bringing its total holdings to 112,992 shares valued at approximately $22.6 million.
• GE Aerospace reported a quarterly earnings per share of $1.66, exceeding analysts' expectations of $1.43, along with a revenue growth of 21.2% year-over-year.
• The company has a favorable analyst consensus with 10 "Buy" ratings and a target price suggesting upward potential, following recent upgrades from UBS Group and Barclays.

Vident Advisory LLC lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,992 shares of the company's stock after purchasing an additional 5,933 shares during the quarter. Vident Advisory LLC's holdings in GE Aerospace were worth $22,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC grew its position in GE Aerospace by 19.5% during the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Sfmg LLC grew its position in GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after purchasing an additional 48 shares during the last quarter. SGL Investment Advisors Inc. grew its position in GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after purchasing an additional 49 shares during the last quarter. Hudock Inc. grew its position in GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares during the last quarter. Finally, First Pacific Financial grew its position in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of GE traded down $0.89 on Friday, reaching $275.11. The company's stock had a trading volume of 5,037,097 shares, compared to its average volume of 4,053,620. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $291.74 billion, a P/E ratio of 38.37, a PEG ratio of 2.96 and a beta of 1.44. The stock's 50 day simple moving average is $263.56 and its two-hundred day simple moving average is $228.84. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $10.15 billion for 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 revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace's payout ratio is currently 20.08%.

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada raised 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. Citigroup reaffirmed 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. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus 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.