GE Aerospace $GE Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group cut its GE Aerospace stake by 87.9% in the second quarter, selling 254,323 shares and retaining 35,007 shares valued at approximately $13.1 million. Institutional investors own 74.77% of the company.
• Analysts remain broadly positive, with 16 Buy ratings, two Holds and one Sell. GE Aerospace has a consensus “Moderate Buy” rating and an average price target of $390.59.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in earnings per share and $12.63 billion in revenue, with year-over-year revenue growth of 21.1%. The company also pays a quarterly dividend of $0.47, equivalent to a 0.6% annual yield.

Alyeska Investment Group L.P. lowered its stake in GE Aerospace (NYSE:GE - Free Report) by 87.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,007 shares of the company's stock after selling 254,323 shares during the period. Alyeska Investment Group L.P.'s holdings in GE Aerospace were worth $13,083,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Auto Owners Insurance Co lifted its position in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock worth $2,024,413,000 after buying an additional 65,595,733 shares in the last quarter. Norges Bank purchased a new position in shares of GE Aerospace during the 4th quarter valued at $4,444,736,000. Amundi grew its holdings in shares of GE Aerospace by 135.2% during the 1st quarter. Amundi now owns 6,119,975 shares of the company's stock valued at $1,736,665,000 after acquiring an additional 3,518,278 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of GE Aerospace in the second quarter worth $1,283,858,000. Finally, Wellington Management Group LLP raised its holdings in shares of GE Aerospace by 97.3% during the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company's stock worth $2,540,592,000 after acquiring an additional 3,352,432 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GE. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. BNP Paribas Exane lowered their price target on GE Aerospace from $300.00 to $270.00 and set an "underperform" rating for the company in a research note on Thursday, May 14th. UBS Group increased their price objective on GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Susquehanna reaffirmed a "positive" rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Finally, TD Cowen reiterated a "buy" rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Sixteen research 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's stock. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $390.59.

GE Aerospace Stock Performance

GE opened at $335.76 on Tuesday. The company has a market cap of $348.37 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The stock has a 50-day moving average of $359.94 and a 200-day moving average of $328.30. GE Aerospace has a 52-week low of $268.01 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 issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period last year, the business earned $1.66 EPS. 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. As a group, equities research analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace's payout ratio is presently 22.14%.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction on 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 completion of the sale, the senior vice president directly owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.

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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