Varma Mutual Pension Insurance Co Sells 20,300 Shares of GE Aerospace $GE

Varma Mutual Pension Insurance Co reduced its position in shares of GE Aerospace (NYSE:GE) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 153,445 shares of the company’s stock after selling 20,300 shares during the quarter. 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.

Other institutional investors have also added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $31,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $32,000. Paladin Partners LLC bought a new stake in shares of GE Aerospace in the second quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace in the fourth quarter valued at about $40,000. 74.77% of the stock is currently owned by institutional investors.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Susquehanna reiterated a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Citigroup restated a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Stock Up 1.2%

Shares of NYSE GE opened at $348.85 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a 52 week low of $266.37 and a 52 week high of $388.84. The stock has a market capitalization of $361.95 billion, a P/E ratio of 41.09, a PEG ratio of 2.54 and a beta of 1.36. The stock’s fifty day moving average is $361.10 and its 200 day moving average is $326.84.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. GE Aerospace’s revenue for the quarter 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. Sell-side analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced 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 was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 22.14%.

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.