Legal & General Group Plc trimmed its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 9.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,718,479 shares of the company’s stock after selling 608,706 shares during the period. Legal & General Group Plc’s holdings in GE Aerospace were worth $2,137,167,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Auto Owners Insurance Co lifted its position in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after buying an additional 65,595,733 shares during the last quarter. Norges Bank acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $4,444,736,000. Amundi increased its holdings in shares of GE Aerospace by 135.2% during the 1st quarter. Amundi now owns 6,119,975 shares of the company’s stock valued at $1,736,665,000 after acquiring an additional 3,518,278 shares during the last quarter. Jennison Associates LLC raised its stake in shares of GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of GE Aerospace by 382.1% in the 4th quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock valued at $849,325,000 after acquiring an additional 2,185,321 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
GE has been the subject of a number of recent analyst reports. BNP Paribas Exane decreased their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company restated an “overweight” rating and issued a $390.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Jefferies Financial Group upped their price objective on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Seaport Research Partners assumed coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. Finally, UBS Group lifted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.
GE Aerospace Stock Performance
GE opened at $341.92 on Tuesday. The firm has a market capitalization of $354.76 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The stock’s 50 day moving average price is $361.09 and its two-hundred day moving average price is $327.19. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 12-month low of $266.56 and a 12-month high of $388.84.
GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts forecast that GE Aerospace will post 7.91 earnings per share for the current year.
GE Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio is presently 22.14%.
Insider Buying and Selling
In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The sale 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 insiders.
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.
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