Livforsakringsbolaget Skandia Omsesidigt Has $11.23 Million Position in GE Aerospace $GE

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of GE Aerospace (NYSE:GEFree Report) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,544 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in GE Aerospace were worth $11,235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace during the 4th quarter valued at $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace in the fourth quarter worth $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace in the fourth quarter worth $32,000. Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace in the fourth quarter worth $40,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after acquiring an additional 59 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, May 20th. Citigroup reaffirmed a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Daiwa Securities Group started coverage on GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. Finally, Jefferies Financial Group lifted their price target on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $363.11.

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GE Aerospace News Summary

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

GE Aerospace Stock Performance

Shares of GE opened at $353.21 on Wednesday. The firm has a market cap of $368.52 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The company’s fifty day moving average is $333.33 and its 200-day moving average is $317.78. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. GE Aerospace has a 12 month low of $254.66 and a 12 month high of $382.97.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned $1.49 EPS. GE Aerospace’s quarterly revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities analysts expect that GE Aerospace will post 7.48 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is 23.15%.

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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