Maple Capital Management Inc. Has $13.04 Million Stock Position in GE Aerospace $GE

Maple Capital Management Inc. boosted its position in shares of GE Aerospace (NYSE:GE) by 28.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,156 shares of the company’s stock after purchasing an additional 14,451 shares during the period. Maple Capital Management Inc.’s holdings in GE Aerospace were worth $13,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC boosted its position in GE Aerospace by 19.5% during the first quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the last quarter. Sfmg LLC boosted its position in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company’s stock valued at $418,000 after purchasing an additional 48 shares during the last quarter. SGL Investment Advisors Inc. boosted its position in GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company’s stock valued at $303,000 after purchasing an additional 49 shares during the last quarter. Hudock Inc. boosted its position in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company’s stock valued at $582,000 after purchasing an additional 50 shares during the last quarter. Finally, First Pacific Financial boosted its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE GE opened at $281.75 on Friday. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $298.78 billion, a PE ratio of 39.30, a P/E/G ratio of 3.05 and a beta of 1.48. The stock has a 50-day simple moving average of $268.63 and a 200 day simple moving average of $233.13.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors 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 of this dividend was Monday, July 7th. GE Aerospace’s payout ratio is currently 20.08%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GE. Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $232.92.

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.