Knightsbridge Asset Management LLC Makes New $312,000 Investment in GE Aerospace $GE

Knightsbridge Asset Management LLC purchased a new position in shares of GE Aerospace (NYSE:GE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,560 shares of the company’s stock, valued at approximately $312,000.

Several other hedge funds also recently modified their holdings of GE. GQG Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter worth 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, Janus Henderson Group PLC boosted its stake in shares of GE Aerospace by 87.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company’s stock worth $597,412,000 after purchasing an additional 1,673,365 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GE shares. Barclays raised their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. 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. UBS Group raised their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Citigroup reissued a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Trading Down 0.9%

Shares of GE stock opened at $279.65 on Friday. The stock has a market cap of $296.55 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 3.00 and a beta of 1.48. 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 has a fifty-two week low of $159.36 and a fifty-two week high of $284.41. The firm’s 50 day moving average price is $266.25 and its two-hundred day moving average price is $231.21.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates 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%. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

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

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.