Calamos Advisors LLC Trims Stake in GE Aerospace $GE

Calamos Advisors LLC cut its position in shares of GE Aerospace (NYSE:GE) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 282,246 shares of the company’s stock after selling 19,606 shares during the period. Calamos Advisors LLC’s holdings in GE Aerospace were worth $72,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in GE. IMG Wealth Management Inc. lifted its stake in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares during the period. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. bought a new position in shares of GE Aerospace during the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in GE Aerospace during the first quarter valued at approximately $30,000. Finally, Financial Network Wealth Advisors LLC increased its holdings in GE Aerospace by 81.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 77 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 0.7%

Shares of GE Aerospace stock opened at $308.53 on Thursday. The firm’s 50 day simple moving average is $298.97 and its two-hundred day simple moving average is $266.95. The firm has a market capitalization of $325.44 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 3.09 and a beta of 1.56. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. 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 firm posted $1.15 earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen increased their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

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.