Woodline Partners LP Purchases 6,825 Shares of GE Aerospace $GE

Key Points

• Woodline Partners LP increased its stake in GE Aerospace by 12.7%, acquiring an additional 6,825 shares and bringing its total holdings to 60,726 shares valued at approximately $12.15 million.
• Several institutional investors, including Truvestments Capital LLC and First Pacific Financial, have also boosted their positions in GE Aerospace, reflecting a 74.77% ownership by institutional investors overall.
• In recent analyst reports, GE Aerospace received various ratings changes, with Wells Fargo raising its price target from $34.00 to $38.00, while Northcoast Research downgraded the stock to a "neutral" rating.

Woodline Partners LP boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,726 shares of the company's stock after buying an additional 6,825 shares during the period. Woodline Partners LP's holdings in GE Aerospace were worth $12,154,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Truvestments Capital LLC lifted 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 purchasing an additional 46 shares during the last quarter. Sfmg LLC lifted its stake in shares of GE Aerospace by 2.4% in 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. lifted its stake in shares of GE Aerospace by 3.6% in 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. lifted its stake in shares of GE Aerospace by 1.8% in 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 lifted its stake in shares of GE Aerospace by 46.0% in 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 institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GE shares. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company raised their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group increased 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. Finally, Royal Bank Of Canada increased their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Trading Down 0.6%

Shares of NYSE GE opened at $281.75 on Friday. 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 business's 50 day moving average price is $268.63 and its 200-day moving average price is $233.13. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $286.91. The company has a market cap of $298.78 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 3.05 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate 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 return on equity of 31.32% and a net margin of 18.64%.GE Aerospace's quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed 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 was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

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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