GE Aerospace $GE Shares Sold by CX Institutional

CX Institutional lessened its holdings in shares of GE Aerospace (NYSE:GE) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,483 shares of the company’s stock after selling 1,621 shares during the period. CX Institutional’s holdings in GE Aerospace were worth $4,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Auto Owners Insurance Co increased its holdings in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after purchasing an additional 65,595,733 shares during the last quarter. Norges Bank purchased a new stake in GE Aerospace in the 4th quarter valued at $4,444,736,000. Amundi grew its holdings in GE Aerospace by 135.2% in the 1st quarter. Amundi now owns 6,119,975 shares of the company’s stock valued at $1,736,665,000 after buying an additional 3,518,278 shares in the last quarter. Jennison Associates LLC increased its stake in shares of GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after acquiring an additional 3,017,937 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of GE Aerospace by 382.1% during the 4th quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock worth $849,325,000 after acquiring an additional 2,185,321 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 2.3%

Shares of NYSE GE opened at $377.31 on Wednesday. The firm has a market cap of $391.48 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 2.69 and a beta of 1.36. 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 52-week low of $263.80 and a 52-week high of $382.97. The business’s 50 day moving average is $350.47 and its two-hundred day moving average is $321.63.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS 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 company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. 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. Research analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 22.14%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, BNP Paribas Exane decreased their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $390.59.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated 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 $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.19% of the company’s stock.

GE Aerospace Company 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.