McAdam LLC Sells 400 Shares of GE Aerospace $GE

McAdam LLC trimmed its holdings in GE Aerospace (NYSE:GE) by 16.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,040 shares of the company’s stock after selling 400 shares during the period. McAdam LLC’s holdings in GE Aerospace were worth $408,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC lifted its stake in shares of GE Aerospace by 19.5% in the first quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock worth $56,000 after buying an additional 46 shares during the last quarter. Sfmg LLC lifted its stake in shares of GE Aerospace by 2.4% in the first quarter. Sfmg LLC now owns 2,088 shares of the company’s stock worth $418,000 after buying 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 first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company’s stock worth $303,000 after buying an additional 49 shares during the last quarter. Hudock Inc. lifted its stake in shares of GE Aerospace by 1.8% in the first quarter. Hudock Inc. now owns 2,905 shares of the company’s stock worth $582,000 after buying 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 first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after buying an additional 52 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GE. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup restated a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Price Performance

NYSE:GE opened at $283.13 on Thursday. The stock has a market cap of $300.25 billion, a P/E ratio of 39.49, a PEG ratio of 2.97 and a beta of 1.48. GE Aerospace has a one year low of $159.36 and a one year high of $284.41. The company has a fifty day moving average price of $267.93 and a 200 day moving average price of $232.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a $0.36 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 20.08%.

GE Aerospace Company 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.