Gamco Investors INC. ET AL Reduces Holdings in GE Aerospace $GE

Key Points

• Gamco Investors cut its GE Aerospace stake by 15.5% in the second quarter, selling 12,239 shares and retaining 66,747 shares valued at approximately $24.9 million. Institutional investors collectively own 74.77% of the company.
• Wall Street remains broadly positive, with 16 analysts rating GE Aerospace a Buy and a consensus price target of $390.59. Recent targets range from $400 to $450, although one research firm downgraded the stock to Hold.
• GE Aerospace exceeded quarterly expectations, reporting adjusted earnings of $2.02 per share and revenue of $12.63 billion, up 21.1% year over year. The company also paid a quarterly dividend of $0.47 per share, equal to a 0.5% annualized yield.

Gamco Investors INC. ET AL lowered its position in GE Aerospace (NYSE:GE - Free Report) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,747 shares of the company's stock after selling 12,239 shares during the quarter. Gamco Investors INC. ET AL's holdings in GE Aerospace were worth $24,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auto Owners Insurance Co lifted its stake in shares of 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 acquiring an additional 65,595,733 shares in the last quarter. Norges Bank purchased a new stake in GE Aerospace during the 4th quarter worth approximately $4,444,736,000. Amundi raised its position in shares of GE Aerospace by 135.2% in the 1st quarter. Amundi now owns 6,119,975 shares of the company's stock valued at $1,736,665,000 after purchasing an additional 3,518,278 shares in the last quarter. Jennison Associates LLC raised its position in shares of GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company's stock valued at $3,128,850,000 after purchasing an additional 3,017,937 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of GE Aerospace by 382.1% during the 4th quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company's stock valued at $849,325,000 after buying an additional 2,185,321 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GE. Royal Bank Of Canada reissued an "outperform" rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. The Goldman Sachs Group reissued a "buy" rating and set a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $450.00 target price on shares of GE Aerospace in a research note on Monday, July 27th. Finally, Susquehanna reaffirmed a "positive" rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $390.59.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the sale, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

GE Aerospace Stock Performance

GE Aerospace stock opened at $348.85 on Friday. The company has a market cap of $361.95 billion, a PE ratio of 41.09, a P/E/G ratio of 2.54 and a beta of 1.36. The company has a fifty day moving average price of $361.10 and a two-hundred day moving average price of $326.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. GE Aerospace has a 12 month low of $266.37 and a 12 month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last issued its 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. 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 for the quarter, compared to analysts' expectations of $11.87 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The firm's revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts expect that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace's dividend payout ratio is currently 22.14%.

GE Aerospace 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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