McIlrath & Eck LLC Purchases 79 Shares of GE Aerospace $GE

McIlrath & Eck LLC increased its position in GE Aerospace (NYSE:GE) by 8.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,011 shares of the company’s stock after buying an additional 79 shares during the quarter. McIlrath & Eck LLC’s holdings in GE Aerospace were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after buying an additional 692,124 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in GE Aerospace by 6.3% in 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 buying an additional 1,492,486 shares during the period. Invesco Ltd. boosted its holdings in GE Aerospace by 0.6% in the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock worth $1,921,344,000 after buying an additional 54,765 shares during the period. GQG Partners LLC bought a new position in GE Aerospace in the 1st quarter worth $1,606,840,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in GE Aerospace by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company’s stock worth $1,198,382,000 after buying an additional 628,458 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 1.2%

Shares of NYSE GE opened at $275.80 on Tuesday. The firm’s 50-day moving average price is $266.62 and its 200-day moving average price is $231.90. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $292.47 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 3.00 and a beta of 1.48. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $284.41.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for 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 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. On average, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada boosted 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. UBS Group boosted 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. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Citigroup reiterated a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, Barclays boosted 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. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $232.92.

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.