Daiichi Life Insurance Co. Ltd. increased its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 24.0% in the 2nd quarter, Holdings Channel reports. The firm owned 72,800 shares of the company’s stock after buying an additional 14,080 shares during the period. Daiichi Life Insurance Co. Ltd.’s holdings in GE Aerospace were worth $27,208,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new stake in GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at $32,000. Paladin Partners LLC purchased a new position in shares of GE Aerospace in the 2nd quarter worth $38,000. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of GE Aerospace in the 4th quarter worth $40,000. Institutional investors own 74.77% of the company’s stock.
Wall Street Analysts Forecast Growth
GE has been the subject of a number of research reports. UBS Group upped their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. BNP Paribas Exane dropped their target price on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Susquehanna restated a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.59.
Insider Buying and Selling at GE Aerospace
In related news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.
GE Aerospace Trading Up 1.2%
NYSE:GE opened at $348.85 on Friday. GE Aerospace has a one year low of $266.37 and a one year high of $388.84. The business has a fifty day moving average price of $361.10 and a 200-day moving average price of $326.84. The firm has a market capitalization of $361.95 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67.
GE Aerospace (NYSE:GE – Get Free Report) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the previous year, the business earned $1.66 earnings per share. GE Aerospace’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. Sell-side analysts forecast that GE Aerospace will post 7.91 EPS for the current year.
GE Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s payout ratio is presently 22.14%.
GE Aerospace Profile
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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