Temasek Holdings Private Ltd Has $81.29 Million Stock Position in GE Aerospace $GE

Key Points

• Temasek Holdings increased its investment in GE Aerospace by 34.3%, acquiring over 103,800 shares to hold a total of 406,126 shares valued at approximately $81.3 million.
• In its latest earnings report, GE Aerospace outperformed analysts' expectations with $1.66 earnings per share, a 21.2% increase in revenue year-over-year, totaling $10.15 billion.
• GE Aerospace has implemented a quarterly dividend of $0.36 per share, reflecting a 0.5% dividend yield, and maintains a payout ratio of 20.08%.

Temasek Holdings Private Ltd lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 34.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 406,126 shares of the company's stock after acquiring an additional 103,800 shares during the quarter. Temasek Holdings Private Ltd's holdings in GE Aerospace were worth $81,286,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. UniSuper Management Pty Ltd lifted its holdings in GE Aerospace by 2.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 66,173 shares of the company's stock worth $13,245,000 after buying an additional 1,616 shares during the last quarter. Raab & Moskowitz Asset Management LLC grew its position in shares of GE Aerospace by 6.2% during the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 1,472 shares of the company's stock valued at $295,000 after buying an additional 86 shares during the last quarter. Rise Advisors LLC grew its position in shares of GE Aerospace by 13.0% during the 1st quarter. Rise Advisors LLC now owns 876 shares of the company's stock valued at $175,000 after buying an additional 101 shares during the last quarter. Plancorp LLC grew its position in shares of GE Aerospace by 9.4% during the 1st quarter. Plancorp LLC now owns 11,837 shares of the company's stock valued at $2,369,000 after buying an additional 1,018 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $2,824,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE traded up $0.31 on Tuesday, reaching $276.36. The company had a trading volume of 3,073,146 shares, compared to its average volume of 4,112,421. The company has a fifty day moving average of $266.62 and a 200-day moving average of $231.90. The company has a market capitalization of $293.06 billion, a P/E ratio of 38.54, a PEG ratio of 2.97 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 has a one year low of $159.36 and a one year high of $284.41.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. 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. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GE shares. Royal Bank Of Canada boosted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Citigroup reaffirmed a "buy" rating and set a $296.00 price objective (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.