Massachusetts Financial Services Co. MA Grows Stake in GE Aerospace $GE

Massachusetts Financial Services Co. MA boosted its position in shares of GE Aerospace (NYSE:GE) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,421,407 shares of the company’s stock after acquiring an additional 50,337 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in GE Aerospace were worth $880,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kane Investment Management Inc. boosted its holdings in shares of GE Aerospace by 30.8% in the second quarter. Kane Investment Management Inc. now owns 6,383 shares of the company’s stock worth $1,647,000 after buying an additional 1,504 shares during the last quarter. Tiff Advisory Services LLC boosted its stake in shares of GE Aerospace by 1.6% during the 2nd quarter. Tiff Advisory Services LLC now owns 13,947 shares of the company’s stock worth $3,590,000 after acquiring an additional 214 shares during the last quarter. Capstone Financial Advisors Inc. grew its position in shares of GE Aerospace by 70.7% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 3,420 shares of the company’s stock valued at $880,000 after acquiring an additional 1,416 shares during the period. Advisors Capital Management LLC increased its stake in shares of GE Aerospace by 0.7% in the 2nd quarter. Advisors Capital Management LLC now owns 30,726 shares of the company’s stock worth $7,909,000 after purchasing an additional 205 shares in the last quarter. Finally, Ignite Planners LLC lifted its position in GE Aerospace by 12.6% during the second quarter. Ignite Planners LLC now owns 4,160 shares of the company’s stock valued at $1,095,000 after purchasing an additional 464 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. TD Cowen lifted their price objective on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Finally, Wells Fargo & Company raised their price target on GE Aerospace from $34.00 to $38.00 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.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Up 0.1%

Shares of GE stock opened at $304.50 on Friday. The stock’s 50-day moving average price is $299.92 and its 200-day moving average price is $267.93. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The stock has a market capitalization of $321.19 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. 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 issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the prior year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

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.