Principal Financial Group Inc. grew its holdings in GE Aerospace (NYSE:GE – Free Report) by 54.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,952,283 shares of the company’s stock after acquiring an additional 688,830 shares during the quarter. Principal Financial Group Inc.’s holdings in GE Aerospace were worth $553,999,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of GE. Blueline Advisors LLC acquired a new stake in GE Aerospace in the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth $32,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace during the fourth quarter worth $40,000. Finally, Legacy Bridge LLC grew its holdings in shares of GE Aerospace by 3,375.0% during the fourth quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock valued at $43,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.
GE Aerospace Trading Down 1.6%
Shares of GE Aerospace stock opened at $353.48 on Tuesday. GE Aerospace has a twelve month low of $254.66 and a twelve month high of $382.97. The firm’s 50-day moving average price is $332.00 and its 200 day moving average price is $317.52. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $368.80 billion, a PE ratio of 43.53, a P/E/G ratio of 3.18 and a beta of 1.35.
GE Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be 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 of this dividend is Monday, July 6th. GE Aerospace’s dividend payout ratio is currently 23.15%.
Trending Headlines about GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace is expected to post another solid second quarter, with analysts pointing to strong commercial aviation demand and a resilient defense business. The company’s consensus Q2 estimate is $1.86 per share on $11.9 billion in revenue, which would reinforce the recent operational strength. Article Title
- Positive Sentiment: News that HAL received a seventh GE engine for Tejas Mk-1A fighter jets supports the investment case for GE Aerospace’s defense and international engine business, highlighting continued production activity and customer demand. Article Title
- Positive Sentiment: Multiple reports note that GE Aerospace remains one of the market’s standout industrial names, with shares up strongly over the past year and orders nearly doubling last quarter. That strength keeps sentiment constructive heading into earnings. Article Title
- Neutral Sentiment: Several previews focus on benchmark comparisons, analyst estimates, and peer performance, but do not introduce a new catalyst. These pieces mainly reinforce that investors are waiting for the earnings release and updated guidance. Article Title
- Neutral Sentiment: Analysts’ price target chatter around GE Aerospace largely reflects existing optimism rather than a fresh fundamental update, so it is unlikely to move the stock on its own. Article Title
- Negative Sentiment: Some market coverage says GE Aerospace’s valuation is already elevated, which could limit further upside even if earnings are strong. Investors appear wary that high expectations may leave little room for disappointment. Article Title
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Seaport Research Partners started coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Morgan Stanley cut their price objective on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. BNP Paribas Exane reduced their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. Finally, Susquehanna reiterated a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $363.11.
Get Our Latest Research Report on GE Aerospace
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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