GE Aerospace $GE Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in GE Aerospace (NYSE:GE) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,416 shares of the company’s stock after acquiring an additional 19,155 shares during the quarter. QRG Capital Management Inc.’s holdings in GE Aerospace were worth $80,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Auto Owners Insurance Co lifted its holdings in 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 worth $2,024,413,000 after purchasing an additional 65,595,733 shares during the period. State Street Corp increased its stake in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after acquiring an additional 1,160,584 shares during the period. Geode Capital Management LLC lifted its position in GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock worth $7,615,200,000 after purchasing an additional 312,880 shares during the period. Norges Bank acquired a new stake in GE Aerospace in the 4th quarter valued at about $4,444,736,000. Finally, Jennison Associates LLC grew its position in GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after buying an additional 3,017,937 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: Defense propulsion milestone: GE Aerospace and Kratos Defense successfully ignited their jointly developed GEK800 turbofan engine. The test advances a scalable, lower-cost propulsion system for drones and cruise missiles, potentially expanding GE’s defense opportunity. Full Throttle: Kratos and GE Fire Up a Next-Gen Defense Engine
• Positive Sentiment: Research investment: GE Aerospace plans to invest $225 million in its Niskayuna, New York, research center. The spending should support advanced propulsion and aviation technologies, although the benefits are likely to develop over the longer term. GE Aerospace to invest $225M in Niskayuna research center
• Positive Sentiment: Aftermarket demand remains supportive: GE said demand for CFM56 engine overhauls remains strong, reinforcing the durability of its high-margin commercial services business. Analysts also point to GE’s approximately $170 billion services backlog, LEAP engine growth and defense diversification as reasons the long-term bullish case remains intact despite elevated oil prices. CFM56 Overhaul Demand Remains Strong GE Aerospace: Why $100 Oil Doesn’t Break the Bull Case
• Positive Sentiment: Shareholder return and governance updates: GE declared a quarterly dividend of $0.47 per share, payable October 26 to shareholders of record October 5. The board also appointed Wes Bush as independent lead director, strengthening governance oversight. GE Aerospace Board of Directors Authorizes Quarterly Dividend GE Aerospace names Wes Bush independent lead director
• Neutral Sentiment: Valuation is under scrutiny: After a roughly 396.5% five-year return, commentary describes GE as fairly valued relative to expected cash generation. This may limit near-term upside unless earnings and free cash flow continue to exceed already-strong expectations. General Electric Stock Looks Fairly Valued on Cash Flow
• Negative Sentiment: Key risks remain: Oil near $100 could moderate airline demand and aftermarket activity, while the planned CPP acquisition and the stock’s premium valuation add execution and downside risks. Investors are watching whether strong services demand can offset potential cyclical pressure.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup reiterated a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a research report on Monday, July 20th. TD Cowen reaffirmed a “buy” rating and set a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. UBS Group increased their price target on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $387.22.

GE Aerospace Stock Up 0.1%

GE traded up $0.47 on Wednesday, reaching $319.69. 4,352,676 shares of the company traded hands, compared to its average volume of 5,174,048. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The company has a market cap of $331.70 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.33 and a beta of 1.35. The stock’s 50 day moving average price is $346.32 and its 200-day moving average price is $327.30.

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

GE Aerospace Announces Dividend

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

GE Aerospace Company 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.