UniSuper Management Pty Ltd Purchases 1,616 Shares of GE Aerospace $GE

Key Points

• UniSuper Management Pty Ltd increased its stake in GE Aerospace by 2.5%, now owning a total of 66,173 shares valued at approximately $13.25 million.
• Several institutional investors have also been adjusting their holdings, with notable increases from Raab & Moskowitz Asset Management LLC and Rise Advisors LLC, among others.
• Analysts have varying views on GE Aerospace's stock, with Barclays raising their price target to $295.00, while Northcoast Research downgraded their rating from "buy" to "neutral."

UniSuper Management Pty Ltd increased its stake in GE Aerospace (NYSE:GE - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,173 shares of the company's stock after purchasing an additional 1,616 shares during the period. UniSuper Management Pty Ltd's holdings in GE Aerospace were worth $13,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raab & Moskowitz Asset Management LLC boosted its stake in GE Aerospace by 6.2% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 1,472 shares of the company's stock worth $295,000 after purchasing an additional 86 shares during the period. Rise Advisors LLC boosted its stake in GE Aerospace by 13.0% in the 1st quarter. Rise Advisors LLC now owns 876 shares of the company's stock worth $175,000 after purchasing an additional 101 shares during the period. Plancorp LLC boosted its stake in GE Aerospace by 9.4% in the 1st quarter. Plancorp LLC now owns 11,837 shares of the company's stock worth $2,369,000 after purchasing an additional 1,018 shares during the period. NFJ Investment Group LLC acquired a new position in GE Aerospace in the 1st quarter worth $2,824,000. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in GE Aerospace by 0.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 133,917 shares of the company's stock worth $26,803,000 after purchasing an additional 935 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on GE shares. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Barclays boosted their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. UBS Group boosted their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company boosted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Down 0.9%

GE opened at $279.65 on Monday. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $284.41. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $296.55 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 3.00 and a beta of 1.48. The company has a fifty day moving average price of $266.25 and a two-hundred day moving average price of $231.37.

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

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

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.

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