Norinchukin Bank The Purchases 7,686 Shares of GE Aerospace $GE

Key Points

• Norinchukin Bank increased its holdings in GE Aerospace by 15.2%, acquiring an additional 7,686 shares to bring its total ownership to 58,222 shares valued at approximately $11.65 million.
• Analysts have been actively reassessing GE Aerospace, with a new consensus rating of "Moderate Buy" and an average target price of $232.92 following various upgrades from firms like Citigroup and Barclays.
• GE Aerospace reported a revenue increase of 21.2% year-over-year, with earnings per share of $1.66 for the last quarter, exceeding analyst expectations by $0.23.

Norinchukin Bank The lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 15.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,222 shares of the company's stock after buying an additional 7,686 shares during the quarter. Norinchukin Bank The's holdings in GE Aerospace were worth $11,653,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GE. Brighton Jones LLC boosted its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares in the last quarter. First Trust Advisors LP increased its stake in GE Aerospace by 2.1% in the 4th quarter. First Trust Advisors LP now owns 248,327 shares of the company's stock worth $41,418,000 after acquiring an additional 5,198 shares during the last quarter. Natixis raised its holdings in shares of GE Aerospace by 63.2% during the 4th quarter. Natixis now owns 12,052 shares of the company's stock worth $2,010,000 after acquiring an additional 4,669 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of GE Aerospace by 135.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 440 shares of the company's stock valued at $73,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent research reports. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup reaffirmed a "buy" rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Barclays lifted their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Trading Up 0.4%

NYSE GE opened at $266.9230 on Thursday. The stock has a market cap of $283.06 billion, a PE ratio of 37.23, a PEG ratio of 2.86 and a beta of 1.44. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $281.50. The company's 50-day moving average price is $258.69 and its 200-day moving average price is $225.50. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's payout ratio is currently 20.08%.

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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