GE Aerospace $GE Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in GE Aerospace by 3.7% during the second quarter, buying an additional 5,085 shares to own a total of 141,815 shares worth approximately $36.5 million.
• Several analysts have upgraded their ratings and price targets for GE Aerospace, with Barclays raising the price target from $230 to $295, indicating strong investor optimism.
• GE Aerospace recently reported $10.15 billion in revenue for the last quarter, surpassing analysts' expectations and marking over 21% growth year-over-year.

Swedbank AB grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,815 shares of the company's stock after purchasing an additional 5,085 shares during the period. Swedbank AB's holdings in GE Aerospace were worth $36,502,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. IMA Advisory Services Inc. purchased a new stake in GE Aerospace in the first quarter worth about $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. Nova Wealth Management Inc. purchased a new stake in GE Aerospace in the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in GE Aerospace in the first quarter worth about $30,000. Finally, O Brien Wealth Partners LLC purchased a new stake in GE Aerospace in the first quarter worth about $33,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 1.5%

GE traded up $4.53 on Friday, reaching $301.62. 9,629,752 shares of the company traded hands, compared to its average volume of 3,951,953. GE Aerospace has a one year low of $159.36 and a one year high of $303.03. The firm has a fifty day simple moving average of $273.62 and a two-hundred day simple moving average of $237.10. The company has a market cap of $319.85 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The business 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 company's revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace's payout ratio is presently 20.08%.

Analysts Set New Price Targets

GE has been the topic of several analyst reports. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research note on Sunday. Royal Bank Of Canada upped their target price 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, Barclays upped their target price 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

About GE Aerospace

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.