GE Aerospace $GE Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of GE Aerospace (NYSE:GEFree Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,759 shares of the company’s stock after buying an additional 5,590 shares during the quarter. Bessemer Group Inc.’s holdings in GE Aerospace were worth $11,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GE. Allworth Financial LP raised its position in GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock valued at $23,677,000 after purchasing an additional 5,434 shares during the period. Dara Capital US Inc. acquired a new position in GE Aerospace during the fourth quarter worth $2,527,000. NewEdge Wealth LLC boosted its position in shares of GE Aerospace by 92.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock worth $6,204,000 after buying an additional 9,663 shares during the period. CenterBook Partners LP boosted its position in shares of GE Aerospace by 892.6% during the fourth quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock worth $15,336,000 after buying an additional 44,772 shares during the period. Finally, Ascentis Independent Advisors grew its stake in shares of GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after buying an additional 2,912 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GE. BNP Paribas Exane cut their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Daiwa Securities Group started coverage on GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 target price for the company. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $370.33.

Read Our Latest Stock Analysis on GE

Key GE Aerospace News

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

GE Aerospace Stock Down 0.1%

Shares of NYSE GE opened at $348.58 on Monday. The stock has a market cap of $361.67 billion, a P/E ratio of 41.06, a PEG ratio of 2.92 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. GE Aerospace has a 12-month low of $254.66 and a 12-month high of $382.97. The business’s fifty day simple moving average is $336.31 and its 200-day simple moving average is $318.56.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The firm 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 for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities analysts predict that GE Aerospace will post 7.93 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, July 6th. GE Aerospace’s payout ratio is 22.14%.

GE Aerospace Profile

(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.

See Also

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

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