Yousif Capital Management LLC Has $35.84 Million Stock Position in GE Aerospace $GE

Key Points

• Yousif Capital Management LLC reduced its stake in GE Aerospace by 1.7%, holding approximately $35.84 million worth of shares as of the latest filing.
• Analysts have mixed views on GE Aerospace, with Jefferies increasing their target price to $350.00 while others adjusted ratings from "buy" to "hold."
• GE Aerospace recently announced a quarterly dividend of $0.36 per share, with the ex-dividend date set for September 29.

Yousif Capital Management LLC lowered its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,261 shares of the company's stock after selling 2,443 shares during the period. Yousif Capital Management LLC's holdings in GE Aerospace were worth $35,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GE. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the first quarter valued at about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth about $30,000. Finally, First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, 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 note on Friday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $264.50.

GE Aerospace Trading Down 2.5%

NYSE:GE opened at $291.96 on Monday. 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 firm has a market cap of $309.61 billion, a price-to-earnings ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $307.25. The firm has a 50-day moving average price of $283.44 and a two-hundred day moving average price of $247.67.

GE Aerospace (NYSE:GE - Get Free Report) last released its 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 net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $1.20 EPS. The company's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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