GE Aerospace $GE Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. grew its stake in GE Aerospace (NYSE:GE) by 34.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,632 shares of the company’s stock after buying an additional 5,775 shares during the period. Phoenix Financial Ltd.’s holdings in GE Aerospace were worth $6,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Vanguard Group Inc. increased its stake in shares of GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after acquiring an additional 1,482,069 shares during the period. State Street Corp boosted its holdings in GE Aerospace by 1.4% in the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company’s stock valued at $11,394,375,000 after purchasing an additional 613,866 shares in the last quarter. Geode Capital Management LLC increased its position in GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock worth $6,181,956,000 after purchasing an additional 724,559 shares during the period. Norges Bank purchased a new position in shares of GE Aerospace during the 2nd quarter worth approximately $3,408,828,000. Finally, Jennison Associates LLC raised its stake in shares of GE Aerospace by 21.5% during the 3rd quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock worth $2,536,177,000 after buying an additional 1,494,541 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.4%

NYSE GE opened at $294.94 on Tuesday. The company’s fifty day simple moving average is $304.98 and its 200-day simple moving average is $293.06. The stock has a market cap of $311.10 billion, a P/E ratio of 36.23, a PEG ratio of 1.94 and a beta of 1.40. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $332.79. The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.14. The firm had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $11.27 billion. GE Aerospace had a net margin of 18.98% and a return on equity of 35.52%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Monday, December 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 17.69%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GE shares. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wolfe Research raised their target price on shares of GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Susquehanna reaffirmed a “positive” rating and issued a $380.00 target price on shares of GE Aerospace in a research note on Thursday, January 15th. UBS Group set a $374.00 price target on GE Aerospace and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.00.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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.