GE Aerospace $GE Stock Holdings Decreased by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. lessened its position in GE Aerospace (NYSE:GE - Free Report) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,423 shares of the company's stock after selling 41,123 shares during the quarter. GE Aerospace makes up about 5.1% of Bristol Gate Capital Partners Inc.'s holdings, making the stock its 4th biggest holding. Bristol Gate Capital Partners Inc.'s holdings in GE Aerospace were worth $72,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Auto Owners Insurance Co raised its position in GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock valued at $2,024,413,000 after buying an additional 65,595,733 shares during the period. State Street Corp boosted its position in GE Aerospace by 1.5% during the 4th quarter. State Street Corp now owns 45,240,802 shares of the company's stock worth $13,951,570,000 after acquiring an additional 663,160 shares during the period. Geode Capital Management LLC grew its stake in GE Aerospace by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company's stock valued at $7,615,200,000 after acquiring an additional 312,880 shares in the last quarter. Norges Bank purchased a new position in GE Aerospace during the 4th quarter valued at about $4,444,736,000. Finally, Morgan Stanley increased its holdings in shares of GE Aerospace by 2.4% in the 4th quarter. Morgan Stanley now owns 13,924,762 shares of the company's stock valued at $4,289,245,000 after purchasing an additional 332,380 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 2.3%

Shares of GE stock opened at $349.68 on Wednesday. The stock's 50 day simple moving average is $361.04 and its 200 day simple moving average is $327.48. GE Aerospace has a twelve month low of $267.42 and a twelve month 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. The company has a market capitalization of $362.81 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.50 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $11.87 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The company's revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, research analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group restated a "buy" rating and set a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Sanford C. Bernstein set a $421.00 price objective on GE Aerospace and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a "buy" rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $390.59.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the company's 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 completion of the sale, the senior vice president directly 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 at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

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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