GE Aerospace $GE is Windmill Hill Asset Management Ltd’s 2nd Largest Position

Windmill Hill Asset Management Ltd decreased its stake in shares of GE Aerospace (NYSE:GE) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,926 shares of the company’s stock after selling 463 shares during the quarter. GE Aerospace makes up 2.3% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Windmill Hill Asset Management Ltd’s holdings in GE Aerospace were worth $8,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GE. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the first quarter worth approximately $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in GE Aerospace during the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new stake in shares of GE Aerospace in the 1st quarter valued at approximately $30,000. Finally, First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE Aerospace stock opened at $297.47 on Tuesday. GE Aerospace has a one year low of $159.36 and a one year high of $307.25. The company has a market capitalization of $315.45 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The business has a 50 day simple moving average of $283.87 and a 200 day simple moving average of $248.35.

GE Aerospace (NYSE:GE) last released its quarterly 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 business 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%. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada boosted their target price 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. TD Cowen upped their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Wolfe Research increased their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $267.13.

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.