GE Aerospace $GE Position Boosted by Allianz SE

Allianz SE increased its position in GE Aerospace (NYSE:GE) by 4.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,492 shares of the company’s stock after purchasing an additional 2,223 shares during the period. Allianz SE’s holdings in GE Aerospace were worth $12,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in shares of GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after buying an additional 331 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in GE Aerospace by 7.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after purchasing an additional 11,873 shares during the period. Leisure Capital Management acquired a new position in GE Aerospace in the 1st quarter worth approximately $222,000. Finally, Fayez Sarofim & Co grew its position in GE Aerospace by 14.3% during the 1st quarter. Fayez Sarofim & Co now owns 9,644 shares of the company’s stock worth $1,930,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. TD Cowen raised their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Down 0.7%

GE Aerospace stock opened at $308.53 on Thursday. 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 has a 1-year low of $159.36 and a 1-year high of $316.67. The firm’s fifty day simple moving average is $298.97 and its 200-day simple moving average is $266.95. The company has a market capitalization of $325.44 billion, a P/E ratio of 41.19, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.29 billion. During the same period last year, the business posted $1.15 EPS. GE Aerospace’s revenue 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. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were given a $0.36 dividend. 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 dividend payout ratio is 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.