Andra AP fonden Sells 37,480 Shares of GE Aerospace $GE

Andra AP fonden trimmed its holdings in GE Aerospace (NYSE:GE) by 21.9% during the second quarter, Holdings Channel reports. The firm owned 133,390 shares of the company’s stock after selling 37,480 shares during the quarter. Andra AP fonden’s holdings in GE Aerospace were worth $49,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of GE Aerospace by 2.6% during the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after buying an additional 1,160,584 shares in the last quarter. Security National Bank of SO Dak acquired a new position in shares of GE Aerospace during the 2nd quarter valued at $55,000. Security National Bank of Sioux City Iowa IA bought a new position in GE Aerospace during the second quarter worth $95,000. Wellington Altus USA Inc. bought a new position in GE Aerospace during the second quarter worth $311,000. Finally, Anchor Investment Management LLC grew its holdings in GE Aerospace by 4.0% in the second quarter. Anchor Investment Management LLC now owns 12,246 shares of the company’s stock worth $4,577,000 after purchasing an additional 471 shares during the period. Institutional investors own 74.77% of the company’s stock.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

GE Aerospace News Roundup

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

• Positive Sentiment: Defense program reaches a key milestone. GE Aerospace and Kratos successfully ignited the GEK800 turbofan propulsion system for a cruise-missile program. The test advances development of a potential defense growth opportunity, although it does not yet represent near-term material revenue. Kratos and GE Aerospace Achieve Significant Program Milestone
• Positive Sentiment: $225 million research investment supports long-term innovation. GE Aerospace plans to modernize its Niskayuna, New York, research center, reinforcing its investment in advanced engine technology and future aerospace programs. The spending could strengthen competitiveness, though it will require upfront capital. GE Aerospace invests $225M to modernize Niskayuna research center
• Positive Sentiment: Board authorizes a quarterly dividend. GE Aerospace declared a $0.47-per-share dividend payable October 26 to shareholders of record October 5. The payout signals continued cash-return capacity, although the approximately 0.6% annualized yield is modest. GE Aerospace Board of Directors Authorizes Quarterly Dividend
• Neutral Sentiment: Governance leadership was strengthened. The board appointed Wes Bush as independent lead director, a move intended to enhance board oversight and shareholder governance. The change is supportive of governance credibility but has limited immediate earnings impact. GE Aerospace strengthens board leadership and governance oversight
• Negative Sentiment: GE9X production remains an overhang. Redesigned seals are shipping and the fix has entered certification, but full production approval still depends on a separate FAA process. Any delay could pressure delivery schedules, costs and investor confidence. GE Aerospace Slips as GE9X Fix Enters Certification

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GE shares. Melius Research set a $350.00 price target on shares of GE Aerospace and gave the company a “hold” rating in a research note on Monday, September 14th. UBS Group raised their target price on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $410.00 target price on shares of GE Aerospace in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $388.33.

GE Aerospace Stock Down 0.3%

Shares of NYSE GE traded down $0.99 during mid-day trading on Tuesday, reaching $318.02. 1,491,062 shares of the company’s stock traded hands, compared to its average volume of 5,167,777. The stock has a market cap of $329.97 billion, a P/E ratio of 37.49, a PEG ratio of 2.29 and a beta of 1.35. The business has a 50-day simple moving average of $346.98 and a 200 day simple moving average of $327.44. GE Aerospace has a 1-year low of $268.91 and a 1-year high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be issued a $0.47 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio is currently 22.14%.

GE Aerospace Profile

GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.

The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.

GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.