Chicago Capital LLC Purchases 700 Shares of GE Aerospace $GE

Chicago Capital LLC boosted its position in shares of GE Aerospace (NYSE:GE) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,101 shares of the company’s stock after buying an additional 700 shares during the quarter. Chicago Capital LLC’s holdings in GE Aerospace were worth $4,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in GE Aerospace during the 1st quarter valued at $28,000. Copia Wealth Management raised its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in GE Aerospace during the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC bought a new stake in GE Aerospace during the 1st quarter valued at $30,000. Finally, O Brien Wealth Partners LLC bought a new position in GE Aerospace in the 1st quarter worth $33,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $293.57 on Tuesday. The firm’s 50-day moving average price is $277.88 and its 200-day moving average price is $241.79. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $311.31 billion, a PE ratio of 40.94, a PEG ratio of 3.17 and a beta of 1.48. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $307.25.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is 20.08%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GE. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $241.92.

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.