Daiichi Life Insurance Co. Ltd. Purchases 14,080 Shares of GE Aerospace $GE

Key Points

• Daiichi Life Insurance increased its GE Aerospace position by 24% in the second quarter, buying 14,080 shares for a total holding of 72,800 shares valued at approximately $27.2 million. Institutional investors collectively own 74.77% of the company.
• Analysts remain broadly bullish, with 16 Buy ratings, two Holds and one Sell; GE Aerospace has a “Moderate Buy” consensus rating and an average price target of $390.59.
• GE Aerospace exceeded quarterly expectations with earnings of $2.02 per share and revenue of $12.63 billion, up 21.1% year over year. The company also declared a quarterly dividend of $0.47 per share, equivalent to a 0.5% annualized yield.

Daiichi Life Insurance Co. Ltd. increased its position in GE Aerospace (NYSE:GE - Free Report) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,800 shares of the company's stock after purchasing an additional 14,080 shares during the quarter. Daiichi Life Insurance Co. Ltd.'s holdings in GE Aerospace were worth $27,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new position in GE Aerospace during the fourth quarter valued at $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace in the 4th quarter worth about $31,000. Tucker Asset Management LLC bought a new position in shares of GE Aerospace in the 4th quarter worth about $32,000. Paladin Partners LLC purchased a new position in GE Aerospace during the 2nd quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. purchased a new position in GE Aerospace during the 4th quarter valued at about $40,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GE shares. JPMorgan Chase & Co. upped their price objective on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Wells Fargo & Company reiterated an "overweight" rating and set a $390.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Jefferies Financial Group boosted their price target on GE Aerospace from $365.00 to $455.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Seaport Research Partners assumed coverage on GE Aerospace in a research note on Tuesday, May 26th. They issued a "buy" rating and a $375.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $390.59.

GE Aerospace Stock Up 1.2%

Shares of GE Aerospace stock opened at $348.85 on Friday. The company has a 50-day simple moving average of $361.10 and a two-hundred day simple moving average of $326.84. The stock has a market capitalization of $361.95 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. GE Aerospace has a 52-week low of $266.37 and a 52-week high of $388.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data 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. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm's revenue for the quarter was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 22.14%.

GE Aerospace Company Profile

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.

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