McAdam LLC Has $408,000 Stock Holdings in GE Aerospace $GE

McAdam LLC decreased its holdings in GE Aerospace (NYSE:GE) by 16.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,040 shares of the company’s stock after selling 400 shares during the period. McAdam LLC’s holdings in GE Aerospace were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in shares of GE Aerospace by 8.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 8,749 shares of the company’s stock valued at $1,751,000 after buying an additional 671 shares in the last quarter. Acorns Advisers LLC raised its stake in shares of GE Aerospace by 5.1% in the 1st quarter. Acorns Advisers LLC now owns 2,201 shares of the company’s stock valued at $441,000 after buying an additional 106 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of GE Aerospace by 20.7% in the 1st quarter. Focus Partners Wealth now owns 152,957 shares of the company’s stock worth $30,615,000 after purchasing an additional 26,261 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth about $67,000. Finally, Integrity Alliance LLC. bought a new stake in shares of GE Aerospace in the 1st quarter worth about $649,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 2.5%

Shares of NYSE:GE opened at $283.13 on Thursday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $284.41. The company’s 50-day moving average price is $267.93 and its two-hundred day moving average price is $232.56. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $300.25 billion, a P/E ratio of 39.49, a P/E/G ratio of 2.97 and a beta of 1.48.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The company’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, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. 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. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Finally, Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace 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.