GE Aerospace $GE Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of GE Aerospace (NYSE:GE) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,814 shares of the company’s stock after purchasing an additional 4,666 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in GE Aerospace were worth $43,864,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GE. Brighton Jones LLC raised its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares during the period. Woodline Partners LP raised its holdings in shares of GE Aerospace by 12.7% during the first quarter. Woodline Partners LP now owns 60,726 shares of the company’s stock worth $12,154,000 after purchasing an additional 6,825 shares during the last quarter. SCS Capital Management LLC acquired a new position in GE Aerospace during the first quarter valued at $485,000. Finally, Integrity Alliance LLC. purchased a new stake in GE Aerospace in the first quarter valued at $649,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Stock Up 2.3%

Shares of GE opened at $321.65 on Friday. The firm has a market cap of $339.28 billion, a P/E ratio of 42.94, a PEG ratio of 2.15 and a beta of 1.40. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $332.79. The stock’s 50 day moving average is $303.28 and its two-hundred day moving average is $287.55. 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 released its quarterly 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. The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. GE Aerospace’s payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of equities analysts have weighed in on GE shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Royal Bank Of Canada lifted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $309.94.

About GE Aerospace

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.