Gateway Investment Advisers LLC Trims Position in GE Aerospace $GE

Gateway Investment Advisers LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 34.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,959 shares of the company’s stock after selling 60,449 shares during the period. Gateway Investment Advisers LLC’s holdings in GE Aerospace were worth $29,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC lifted its position in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in GE Aerospace by 7.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,428 shares of the company’s stock worth $238,000 after buying an additional 96 shares during the period. State of Wyoming boosted its stake in GE Aerospace by 28.3% during the fourth quarter. State of Wyoming now owns 721 shares of the company’s stock worth $120,000 after buying an additional 159 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in GE Aerospace by 45.5% during the fourth quarter. Two Sigma Advisers LP now owns 111,013 shares of the company’s stock worth $18,516,000 after buying an additional 34,700 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $293.01 on Wednesday. The company has a market capitalization of $310.72 billion, a price-to-earnings ratio of 40.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.48. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $294.74. The stock has a 50 day moving average price of $271.00 and a 200 day moving average price of $235.11. 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 (NYSE:GE) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating 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 the consensus estimate of $9.49 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company’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 predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid 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 was Monday, July 7th. GE Aerospace’s dividend payout ratio is 20.08%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Citigroup reaffirmed a “buy” rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus 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.