GE Aerospace $GE Stock Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of GE Aerospace (NYSE:GE) by 648.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600,111 shares of the company’s stock after buying an additional 519,901 shares during the period. Nordea Investment Management AB’s holdings in GE Aerospace were worth $178,737,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GE. ZEGA Investments LLC acquired a new position in shares of GE Aerospace during the third quarter valued at approximately $1,089,000. Allen Capital Group LLC lifted its position in GE Aerospace by 4.2% in the third quarter. Allen Capital Group LLC now owns 1,781 shares of the company’s stock worth $536,000 after purchasing an additional 71 shares during the period. N.E.W. Advisory Services LLC boosted its stake in GE Aerospace by 11.3% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 1,152 shares of the company’s stock valued at $347,000 after purchasing an additional 117 shares in the last quarter. New Republic Capital LLC increased its position in shares of GE Aerospace by 3.1% during the 3rd quarter. New Republic Capital LLC now owns 2,874 shares of the company’s stock valued at $864,000 after purchasing an additional 87 shares during the period. Finally, West Wealth Group LLC increased its position in shares of GE Aerospace by 7.7% during the 3rd quarter. West Wealth Group LLC now owns 1,050 shares of the company’s stock valued at $315,000 after purchasing an additional 75 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on 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 sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

GE Aerospace Trading Up 0.9%

Shares of GE opened at $327.03 on Wednesday. The business’s 50-day moving average price is $304.05 and its 200 day moving average price is $289.11. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $344.95 billion, a P/E ratio of 43.66, a P/E/G ratio of 2.21 and a beta of 1.40. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $332.79.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion during 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 business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Jefferies Financial Group upped their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citigroup cut their target price on shares of GE Aerospace from $386.00 to $378.00 and set a “buy” rating for the company in a research note on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $309.44.

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.