Asset Management One Co. Ltd. Buys 2,848 Shares of GE Aerospace $GE

Asset Management One Co. Ltd. boosted its stake in GE Aerospace (NYSE:GE) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 471,023 shares of the company’s stock after purchasing an additional 2,848 shares during the quarter. Asset Management One Co. Ltd.’s holdings in GE Aerospace were worth $121,237,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GQG Partners LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $1,606,840,000. Nuveen LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at $777,075,000. Amundi boosted its holdings in shares of GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock valued at $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of GE Aerospace by 7,406.4% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock valued at $242,624,000 after buying an additional 1,196,060 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

GE opened at $306.26 on Friday. The stock has a 50-day moving average price of $288.46 and a 200-day moving average price of $253.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.73. The firm has a market cap of $323.05 billion, a PE ratio of 40.89, a P/E/G ratio of 3.11 and a beta of 1.49. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.53.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.GE Aerospace’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GE shares. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wolfe Research boosted their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Sanford C. Bernstein boosted their target price on shares of GE Aerospace from $343.00 to $374.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.27.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.