349,826 Shares in GE Aerospace $GE Bought by Strs Ohio

Key Points

• Strs Ohio has acquired 349,826 shares of GE Aerospace valued at approximately $70 million during the first quarter, reflecting a growing interest among institutional investors in the company.
• Analyst ratings for GE Aerospace have shown mixed results; Barclays and UBS recently raised their price targets, while other firms like Northcoast Research downgraded their ratings.
• GE Aerospace reported earnings of $1.66 per share for the last quarter, exceeding expectations, and has a dividend payout ratio of 20.08%, with an annualized dividend yield of 0.5%.

Strs Ohio acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 349,826 shares of the company's stock, valued at approximately $70,018,000.

A number of other hedge funds have also recently modified their holdings of the business. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the 4th quarter worth about $28,000. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace in the 1st quarter worth about $28,000. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of GE Aerospace in the 1st quarter worth about $30,000. Finally, First Pacific Financial increased its stake in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GE shares. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Barclays increased their price target 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. Royal Bank Of Canada increased their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Citigroup restated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

Shares of GE traded up $0.11 on Friday, reaching $281.67. The company's stock had a trading volume of 3,249,603 shares, compared to its average volume of 3,841,655. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $298.69 billion, a P/E ratio of 39.28, a PEG ratio of 3.03 and a beta of 1.48. The stock's 50 day simple moving average is $269.33 and its two-hundred day simple moving average is $233.70. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $286.91.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm's revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 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.