Naples Global Advisors LLC Increases Stake in GE Aerospace $GE

Naples Global Advisors LLC boosted its position in GE Aerospace (NYSE:GE) by 13.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,691 shares of the company’s stock after acquiring an additional 195 shares during the period. Naples Global Advisors LLC’s holdings in GE Aerospace were worth $435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. GQG Partners LLC purchased a new position in GE Aerospace in the 1st quarter valued at approximately $1,606,840,000. Nuveen LLC bought a new position in shares of GE Aerospace in the first quarter worth $777,075,000. Amundi grew its position in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after purchasing an additional 1,196,060 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of several analyst reports. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Citigroup reissued a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $241.92.

GE Aerospace Stock Performance

NYSE GE opened at $297.40 on Friday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25. The company has a fifty day moving average of $280.65 and a 200-day moving average of $243.95. The company has a market capitalization of $315.38 billion, a P/E ratio of 41.48, a P/E/G ratio of 3.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

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

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. 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.