Swiss National Bank Increases Stock Position in GE Aerospace $GE

Swiss National Bank boosted its position in GE Aerospace (NYSE:GEFree Report) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,095,622 shares of the company’s stock after acquiring an additional 189,400 shares during the period. GE Aerospace accounts for 0.5% of Swiss National Bank’s investment portfolio, making the stock its 29th biggest position. Swiss National Bank’s holdings in GE Aerospace were worth $878,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GE. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. bought a new position in GE Aerospace during the 4th quarter valued at approximately $40,000. Finally, Beaird Harris Wealth Management LLC raised its position in GE Aerospace by 72.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target on the stock. UBS Group boosted their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday. Finally, Susquehanna restated a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $370.33.

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GE Aerospace News Roundup

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Stock Up 0.8%

Shares of NYSE:GE opened at $348.58 on Friday. The firm has a market capitalization of $363.69 billion, a P/E ratio of 41.06, a P/E/G ratio of 2.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.70 and a current ratio of 0.98. The stock has a 50 day moving average price of $336.31 and a 200-day moving average price of $318.52. GE Aerospace has a 52-week low of $254.66 and a 52-week high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 7.93 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is 22.14%.

GE Aerospace Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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