GE Aerospace $GE Shares Purchased by Police & Firemen s Retirement System of New Jersey

Key Points

• Police & Firemen's Retirement System of New Jersey increased its stake in GE Aerospace by 1.8% in Q2, adding 2,779 shares to hold 159,682 shares worth about $41.101 million.
• GE beat quarterly expectations with $1.66 EPS versus $1.46 expected and $11.31B revenue (up 26.4% YoY), and issued FY2025 guidance of $6.00–$6.20 EPS, above the ~5.4 analyst consensus.
• Institutional ownership is high at 74.77%, led by large positions from Vanguard, T. Rowe and Geode, while analysts remain largely bullish with an average target near $301 and several recent price-target increases.

Police & Firemen s Retirement System of New Jersey boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 159,682 shares of the company's stock after acquiring an additional 2,779 shares during the quarter. Police & Firemen s Retirement System of New Jersey's holdings in GE Aerospace were worth $41,101,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GE. Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company's stock valued at $18,115,065,000 after acquiring an additional 692,124 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of GE Aerospace by 6.3% during 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 purchasing an additional 1,492,486 shares during the last quarter. Geode Capital Management LLC lifted its position in GE Aerospace by 3.1% during the second quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company's stock valued at $6,181,956,000 after purchasing an additional 724,559 shares during the period. Invesco Ltd. boosted its holdings in GE Aerospace by 0.6% in the first quarter. Invesco Ltd. now owns 9,599,522 shares of the company's stock valued at $1,921,344,000 after purchasing an additional 54,765 shares during the last quarter. Finally, GQG Partners LLC purchased a new position in shares of GE Aerospace during the 1st quarter valued at about $1,606,840,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock opened at $308.53 on Thursday. The stock has a market capitalization of $325.44 billion, a P/E ratio of 41.19, a PEG ratio of 3.09 and a beta of 1.56. The business has a 50 day simple moving average of $298.97 and a two-hundred day simple moving average of $266.95. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analysts' expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm's revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace's dividend payout ratio (DPR) is currently 19.23%.

Analysts Set New Price Targets

Several research analysts recently weighed in on GE shares. Royal Bank Of Canada lifted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an "outperform" rating in a research report on Friday, October 17th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a "buy" rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, October 27th. The Goldman Sachs Group increased their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research note on Monday, October 27th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $301.27.

GE Aerospace Company 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.

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