Czech National Bank Boosts Stock Position in GE Aerospace $GE

Key Points

• The Czech National Bank increased its stake in GE Aerospace by 5.7% in Q2, purchasing an additional 14,144 shares to a total of 260,662 shares, valued at approximately $67 million.
• Despite some mixed ratings from analysts, GE Aerospace holds a consensus rating of "Moderate Buy" with a target price of $232.92, backed by several upgrades from firms like Wells Fargo and Barclays.
• In its latest quarterly earnings report, GE Aerospace surpassed expectations with an EPS of $1.66 and revenue of $10.15 billion, marking a 21.2% increase from the previous year.

Czech National Bank increased its position in GE Aerospace (NYSE:GE - Free Report) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,662 shares of the company's stock after buying an additional 14,144 shares during the quarter. GE Aerospace accounts for approximately 0.5% of Czech National Bank's investment portfolio, making the stock its 29th largest position. Czech National Bank's holdings in GE Aerospace were worth $67,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GE. GQG Partners LLC acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $1,606,840,000. GAMMA Investing LLC lifted its stake in shares of GE Aerospace by 23,611.7% in the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after acquiring an additional 5,044,632 shares during the period. Nuveen LLC acquired a new position in shares of GE Aerospace in the first quarter worth approximately $777,075,000. Amundi lifted its stake in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 2.2%

GE Aerospace stock traded up $6.23 during trading on Tuesday, hitting $293.01. 5,535,685 shares of the company were exchanged, compared to its average volume of 3,794,962. The business's 50 day moving average is $271.00 and its 200 day moving average is $235.11. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $294.74. The company has a market capitalization of $310.72 billion, a P/E ratio of 40.87, a PEG ratio of 3.09 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. GE Aerospace's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio is 20.08%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent analyst reports. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company lifted their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Finally, Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.