GE Aerospace $GE Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of GE Aerospace (NYSE:GE) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,810 shares of the company’s stock after acquiring an additional 1,787 shares during the period. Asset Management One Co. Ltd.’s holdings in GE Aerospace were worth $142,231,000 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. Bare Financial Services Inc grew its position in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Lavaca Capital LLC raised its stake in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of GE Aerospace in the first quarter worth about $29,000. IMG Wealth Management Inc. lifted its stake in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in GE Aerospace during the second quarter worth $39,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GE. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Bank of America lifted their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Susquehanna began coverage on shares of GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target for the company. The Goldman Sachs Group upped their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $309.94.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 4.1%

Shares of GE Aerospace stock opened at $320.69 on Friday. The company’s fifty day moving average is $302.18 and its two-hundred day moving average is $285.00. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $320.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market capitalization of $338.26 billion, a P/E ratio of 42.82, a PEG ratio of 2.19 and a beta of 1.40.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the company posted $1.15 earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is 19.23%.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.