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New Millennium Loads up on 15,100 GE Aerospace Shares
The Motley Foolยท 2025-08-11 19:24
Company Overview - GE Aerospace has a market capitalization of $288.57 billion and reported trailing twelve months (TTM) revenue of $41.61 billion with a net income of $7.76 billion [3][5] - The company operates through two segments: Commercial Engines & Services, and Defense & Propulsion Technologies [5][8] Recent Developments - On August 6, 2025, New Millennium Group LLC disclosed a purchase of GE Aerospace shares valued at approximately $3.31 million, acquiring 15,102 shares, which represents 1.8% of its 13F reportable assets under management (AUM) [1] - As of August 5, 2025, GE Aerospace shares were priced at $272.12, reflecting a 69.8% increase over the past year, significantly outperforming the S&P 500 by 47 percentage points [2][11] Financial Metrics - The dividend yield for GE Aerospace as of August 5, 2025, is 0.47%, with a forward P/E ratio of 46.36 and an EV/EBITDA of 28.05 [2] - The stock is currently 1.8% below its 52-week high as of August 5, 2025 [2] Market Position and Strategy - GE Aerospace has a significant backlog of orders worth over $140 billion, indicating strong demand for its products [9] - The company is investing in research and development for advanced propulsion projects, which is expected to enhance its long-term market position [9] Challenges - Tariff pressures and supply constraints may pose challenges for GE Aerospace in fulfilling existing orders, although it is less affected than aircraft manufacturers [10]