State Street Corp Buys 1,160,584 Shares of GE Aerospace $GE

State Street Corp grew its stake in GE Aerospace (NYSE:GE) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,497,628 shares of the company’s stock after buying an additional 1,160,584 shares during the period. State Street Corp’s holdings in GE Aerospace were worth $17,377,559,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blueline Advisors LLC bought a new stake in GE Aerospace during the fourth quarter worth approximately $25,000. Paladin Partners LLC bought a new position in shares of GE Aerospace in the second quarter valued at approximately $38,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace in the fourth quarter worth $40,000. Parvin Asset Management LLC acquired a new stake in shares of GE Aerospace in the second quarter worth $41,000. Finally, Bayban bought a new stake in shares of GE Aerospace during the 4th quarter worth $44,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE Aerospace stock traded down $0.99 during trading hours on Tuesday, hitting $318.02. The stock had a trading volume of 1,491,062 shares, compared to its average volume of 5,167,777. The company has a 50-day moving average of $346.98 and a two-hundred day moving average of $327.44. 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 fifty-two week low of $268.91 and a fifty-two week high of $388.84. The company has a market cap of $329.97 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.29 and a beta of 1.35.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s payout ratio is 22.14%.

Key Headlines Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: Defense program reaches a key milestone. GE Aerospace and Kratos successfully ignited the GEK800 turbofan propulsion system for a cruise-missile program. The test advances development of a potential defense growth opportunity, although it does not yet represent near-term material revenue. Kratos and GE Aerospace Achieve Significant Program Milestone
• Positive Sentiment: $225 million research investment supports long-term innovation. GE Aerospace plans to modernize its Niskayuna, New York, research center, reinforcing its investment in advanced engine technology and future aerospace programs. The spending could strengthen competitiveness, though it will require upfront capital. GE Aerospace invests $225M to modernize Niskayuna research center
• Positive Sentiment: Board authorizes a quarterly dividend. GE Aerospace declared a $0.47-per-share dividend payable October 26 to shareholders of record October 5. The payout signals continued cash-return capacity, although the approximately 0.6% annualized yield is modest. GE Aerospace Board of Directors Authorizes Quarterly Dividend
• Neutral Sentiment: Governance leadership was strengthened. The board appointed Wes Bush as independent lead director, a move intended to enhance board oversight and shareholder governance. The change is supportive of governance credibility but has limited immediate earnings impact. GE Aerospace strengthens board leadership and governance oversight
• Negative Sentiment: GE9X production remains an overhang. Redesigned seals are shipping and the fix has entered certification, but full production approval still depends on a separate FAA process. Any delay could pressure delivery schedules, costs and investor confidence. GE Aerospace Slips as GE9X Fix Enters Certification

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Wednesday, September 9th. Citigroup reissued 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. JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Melius Research set a $350.00 price target on GE Aerospace and gave the company a “hold” rating in a research report on Monday, September 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.33.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

GE Aerospace Profile

GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.

The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.

GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.