Levin Capital Strategies L.P. Takes Position in GE Aerospace $GE

Levin Capital Strategies L.P. purchased a new position in shares of GE Aerospace (NYSE:GE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 819 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds have also recently bought and sold shares of GE. Brighton Jones LLC increased its stake in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in GE Aerospace in the 1st quarter worth approximately $236,000. Capital Advisors Inc. OK increased its position in GE Aerospace by 1.7% in the 1st quarter. Capital Advisors Inc. OK now owns 5,827 shares of the company’s stock valued at $1,166,000 after acquiring an additional 99 shares during the period. Finally, Callan Capital LLC raised its stake in GE Aerospace by 23.7% during the 1st quarter. Callan Capital LLC now owns 3,110 shares of the company’s stock valued at $622,000 after acquiring an additional 595 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GE. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Wolfe Research raised their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Finally, Bank of America increased their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Price Performance

NYSE:GE opened at $308.74 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $294.44 and its 200 day moving average price is $261.69. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The firm has a market cap of $325.67 billion, a P/E ratio of 41.22, a PEG ratio of 3.09 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is 19.23%.

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.