Oregon Public Employees Retirement Fund Has $23.72 Million Stake in GE Aerospace $GE

Oregon Public Employees Retirement Fund decreased its position in GE Aerospace (NYSE:GE) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,136 shares of the company’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in GE Aerospace were worth $23,715,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the first quarter worth approximately $28,000. Copia Wealth Management grew its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in GE Aerospace during the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in GE Aerospace during the first quarter worth approximately $30,000. Finally, First Pacific Financial grew its position in GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 2.5%

Shares of NYSE:GE opened at $291.96 on Monday. The firm has a market cap of $309.61 billion, a P/E ratio of 40.72, a P/E/G ratio of 3.14 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $307.25. The business has a fifty day simple moving average of $283.44 and a 200 day simple moving average of $247.67.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company earned $1.20 EPS. GE Aerospace’s revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GE shares. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Citigroup restated a “buy” rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, UBS Group upped their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $264.50.

About GE Aerospace

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.