AlphaQuest LLC Decreases Position in GE Aerospace $GE

AlphaQuest LLC lowered its stake in shares of GE Aerospace (NYSE:GE) by 31.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,600 shares of the company’s stock after selling 1,180 shares during the period. AlphaQuest LLC’s holdings in GE Aerospace were worth $669,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GE. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the 1st quarter valued at approximately $28,000. Nova Wealth Management Inc. purchased a new position in GE Aerospace in the 1st quarter valued at approximately $29,000. IMG Wealth Management Inc. grew its stake in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock valued at $29,000 after buying an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, O Brien Wealth Partners LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GE. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price target on shares of GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group boosted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Bank of America lifted their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Stock Performance

GE Aerospace stock opened at $313.06 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $330.22 billion, a PE ratio of 41.80, a P/E/G ratio of 3.14 and a beta of 1.49. The firm has a fifty day simple moving average of $290.08 and a two-hundred day simple moving average of $256.70. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $316.53.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 19.23%.

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.