GE Aerospace $GE Shares Purchased by Sunpointe LLC

Sunpointe LLC boosted its holdings in GE Aerospace (NYSE:GE) by 53.3% during the second quarter, Holdings Channel.com reports. The fund owned 2,587 shares of the company’s stock after acquiring an additional 899 shares during the period. Sunpointe LLC’s holdings in GE Aerospace were worth $666,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GE. GQG Partners LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $1,606,840,000. GAMMA Investing LLC boosted its stake in shares of GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company’s stock worth $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Nuveen LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth about $777,075,000. Amundi boosted its stake in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after purchasing an additional 1,771,944 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after purchasing an additional 1,492,486 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GE shares. UBS Group raised their price target 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. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Trading Up 2.2%

GE opened at $293.01 on Wednesday. The firm has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a P/E/G ratio of 3.09 and a beta of 1.48. The firm’s 50 day moving average is $271.00 and its 200-day moving average is $235.11. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $294.74. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. 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. Analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. 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.