7,863 Shares in GE Aerospace $GE Bought by Atlatl Advisers LLC

Atlatl Advisers LLC bought a new position in GE Aerospace (NYSE:GE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,863 shares of the company’s stock, valued at approximately $2,024,000. GE Aerospace accounts for approximately 1.0% of Atlatl Advisers LLC’s holdings, making the stock its 24th biggest position.

Several other large investors have also made changes to their positions in GE. GQG Partners LLC purchased a new position in shares of GE Aerospace in the 1st quarter worth $1,606,840,000. Nuveen LLC purchased a new position in GE Aerospace in the first quarter valued at about $777,075,000. Amundi raised its position in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares during the period. Price T Rowe Associates Inc. MD raised its position in GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares during the period. Finally, 1832 Asset Management L.P. raised its position in GE Aerospace by 7,406.4% in the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after purchasing an additional 1,196,060 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Down 0.8%

Shares of GE Aerospace stock opened at $303.97 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The firm has a market cap of $320.63 billion, a P/E ratio of 40.58, a P/E/G ratio of 3.15 and a beta of 1.49. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.53. The business has a 50-day moving average price of $289.19 and a 200 day moving average price of $255.34.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period in the previous year, the business earned $1.15 EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GE shares. Wolfe Research raised their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Royal Bank Of Canada raised their target price on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Citigroup reiterated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. TD Cowen raised their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Barclays raised their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $284.27.

About GE Aerospace

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.