AIA Group Ltd Purchases 49,697 Shares of GE Aerospace $GE

AIA Group Ltd raised its position in GE Aerospace (NYSE:GEFree Report) by 80.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 111,118 shares of the company’s stock after purchasing an additional 49,697 shares during the period. AIA Group Ltd’s holdings in GE Aerospace were worth $31,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blueline Advisors LLC acquired a new position in GE Aerospace during the 4th quarter worth approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the 4th quarter worth about $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $32,000. Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace during the 4th quarter worth about $40,000. Finally, Legacy Bridge LLC grew its holdings in shares of GE Aerospace by 3,375.0% in the 4th quarter. Legacy Bridge LLC now owns 139 shares of the company’s stock valued at $43,000 after acquiring an additional 135 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Up 0.8%

GE opened at $348.58 on Friday. The company’s 50 day moving average is $336.31 and its 200-day moving average is $318.52. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.96. The company has a market cap of $363.69 billion, a P/E ratio of 41.06, a PEG ratio of 2.98 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last announced 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. The company had revenue of $12.63 billion during the quarter, compared to analysts’ expectations 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 was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Equities research analysts predict that GE Aerospace will post 7.93 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

Key GE Aerospace News

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

Analyst Ratings Changes

GE has been the subject of a number of analyst reports. UBS Group raised their price target on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas Exane lowered their price objective on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley cut their target price on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Citigroup restated a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Finally, Seaport Research Partners started coverage on GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $370.33.

View Our Latest Stock Analysis on GE

About GE Aerospace

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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