Wolff Wiese Magana LLC Has $879,000 Stake in GE Aerospace $GE

Key Points

• Wolff Wiese Magana LLC increased its investment in GE Aerospace by 765.1%, holding 3,417 shares valued at $879,000 as of the end of the second quarter.
• GE Aerospace reported $1.66 EPS, surpassing analysts' expectations, and its revenue for the quarter reached $10.15 billion, a 21.2% increase year-over-year.
• The company recently announced a quarterly dividend of $0.36 per share, with an annual yield of 0.5%, payable on October 27th to shareholders of record as of September 29th.

Wolff Wiese Magana LLC grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 765.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,417 shares of the company's stock after buying an additional 3,022 shares during the period. Wolff Wiese Magana LLC's holdings in GE Aerospace were worth $879,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Old North State Wealth Management LLC lifted its position in shares of GE Aerospace by 1.9% in the second quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after buying an additional 39 shares during the last quarter. Webster Bank N. A. lifted its position in shares of 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 last quarter. Pacific Sage Partners LLC lifted its position in shares of GE Aerospace by 3.5% in the second quarter. Pacific Sage Partners LLC now owns 1,220 shares of the company's stock valued at $314,000 after buying an additional 41 shares during the last quarter. Ascent Capital Management LLC lifted its position in shares of GE Aerospace by 1.9% in the second quarter. Ascent Capital Management LLC now owns 2,273 shares of the company's stock valued at $585,000 after buying an additional 42 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. lifted its position in shares of GE Aerospace by 1.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after buying an additional 43 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Price Performance

GE Aerospace stock opened at $294.97 on Monday. The stock's fifty day moving average price is $277.26 and its two-hundred day moving average price is $241.12. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. 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 firm 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 data on Thursday, July 17th. The company reported $1.66 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 for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last 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 expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on GE shares. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen cut GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Citigroup reissued a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $241.92.

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.

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