Public Sector Pension Investment Board Acquires 17,248 Shares of GE Aerospace $GE

Public Sector Pension Investment Board grew its holdings in GE Aerospace (NYSE:GE) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,237 shares of the company’s stock after purchasing an additional 17,248 shares during the period. Public Sector Pension Investment Board’s holdings in GE Aerospace were worth $72,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GE. Norges Bank bought a new stake in GE Aerospace during the 2nd quarter valued at $3,408,828,000. Jennison Associates LLC boosted its holdings in shares of GE Aerospace by 21.5% in the third quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock worth $2,536,177,000 after acquiring an additional 1,494,541 shares during the period. Vanguard Group Inc. grew its position in shares of GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of GE Aerospace by 4,253.7% in the second quarter. Lazard Asset Management LLC now owns 796,422 shares of the company’s stock valued at $204,991,000 after purchasing an additional 778,129 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 30,363 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the completion of the transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $46,103,507.98. The trade was a 16.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 3,035 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $305.51, for a total value of $927,222.85. Following the sale, the vice president owned 10,583 shares in the company, valued at $3,233,212.33. The trade was a 22.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,398 shares of company stock worth $13,837,171. Corporate insiders own 0.21% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE opened at $313.15 on Friday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $332.79. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The company has a market cap of $328.43 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.40. The stock has a 50-day moving average price of $308.92 and a 200-day moving average price of $296.72.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.27 billion. During the same period in the prior year, the business earned $1.32 earnings per share. GE Aerospace’s revenue for the quarter was up 17.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. GE Aerospace’s payout ratio is presently 17.69%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. BNP Paribas Exane lowered their price target on shares of GE Aerospace from $305.00 to $290.00 and set an “underperform” rating on the stock in a report on Friday, January 23rd. Susquehanna restated a “positive” rating and issued a $380.00 price objective on shares of GE Aerospace in a research report on Thursday, January 15th. UBS Group set a $374.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $319.00.

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.