Varma Mutual Pension Insurance Co lowered its holdings in GE Aerospace (NYSE:GE – Free Report) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,445 shares of the company’s stock after selling 20,300 shares during the period. Varma Mutual Pension Insurance Co’s holdings in GE Aerospace were worth $57,347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blueline Advisors LLC bought a new stake in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the fourth quarter valued at approximately $32,000. Paladin Partners LLC bought a new position in GE Aerospace in the second quarter valued at approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $40,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Susquehanna reiterated a “positive” rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Jefferies Financial Group raised their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group restated a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein set a $421.00 price target on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Sixteen investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $390.59.
GE Aerospace Stock Performance
GE opened at $348.85 on Friday. 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 $266.37 and a 12-month high of $388.84. The business has a 50 day moving average of $361.10 and a 200-day moving average of $326.84. The stock has a market cap of $361.95 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.54 and a beta of 1.36.
GE Aerospace (NYSE:GE – Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share 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 business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the firm earned $1.66 EPS. The firm’s 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 research analysts expect that GE Aerospace will post 7.91 earnings per share 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 $0.47 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 22.14%.
Insider Buying and Selling at GE Aerospace
In other news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.19% of the stock is 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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