CHURCHILL MANAGEMENT Corp Purchases 17,524 Shares of GE Aerospace $GE

CHURCHILL MANAGEMENT Corp lifted its position in shares of GE Aerospace (NYSE:GE) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 121,912 shares of the company’s stock after acquiring an additional 17,524 shares during the quarter. GE Aerospace makes up 0.3% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 27th largest position. CHURCHILL MANAGEMENT Corp’s holdings in GE Aerospace were worth $31,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new position in GE Aerospace in the 1st quarter valued at approximately $28,000. Copia Wealth Management boosted its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the first quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $30,000. Finally, First Pacific Financial lifted its holdings in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Up 0.2%

Shares of GE Aerospace stock opened at $301.41 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. 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 $319.63 billion, a PE ratio of 42.04, a PEG ratio of 3.24 and a beta of 1.49. The company has a 50 day simple moving average of $279.49 and a two-hundred day simple moving average of $242.61.

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 net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company posted $1.20 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts expect 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. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is 20.08%.

Wall Street Analyst Weigh In

Several brokerages have commented on GE. Royal Bank Of Canada raised their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.92.

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.