GE Aerospace $GE Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in shares of GE Aerospace (NYSE:GE) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,832 shares of the company’s stock after selling 155 shares during the quarter. Lmcg Investments LLC’s holdings in GE Aerospace were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its position in GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after buying an additional 331 shares during the period. Smartleaf Asset Management LLC lifted its position in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after buying an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace during the first quarter worth about $203,000. Concurrent Investment Advisors LLC lifted its position in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after buying an additional 8,245 shares during the period. Finally, Global Assets Advisory LLC lifted its position in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock worth $2,751,000 after buying an additional 9,580 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE stock opened at $291.96 on Friday. 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 has a 1 year low of $159.36 and a 1 year high of $307.25. The firm has a market cap of $309.61 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 3.14 and a beta of 1.49. The stock has a 50-day simple moving average of $283.44 and a 200-day simple moving average of $247.38.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (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 during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid 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 is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Analyst Ratings Changes

Several brokerages have commented on GE. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Citigroup restated a “buy” rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $251.31.

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.