Voya Investment Management LLC Sells 31,127 Shares of GE Aerospace $GE

Key Points

• Voya Investment Management LLC reduced its stake in GE Aerospace by 1.8%, owning approximately 1.7 million shares valued at $343.6 million as of its latest SEC filing.
• Multiple analysts have upgraded their ratings for GE Aerospace, with Barclays raising the price target from $230 to $295 and Citigroup from $227 to $296.
• GE Aerospace reported an earnings per share of $1.66 for the last quarter, surpassing estimates and reflecting a 21.2% increase in revenue compared to the previous year.

Voya Investment Management LLC lessened its position in GE Aerospace (NYSE:GE - Free Report) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,716,686 shares of the company's stock after selling 31,127 shares during the period. Voya Investment Management LLC owned approximately 0.16% of GE Aerospace worth $343,595,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC acquired a new position in shares of GE Aerospace in the 1st quarter worth approximately $1,606,840,000. GAMMA Investing LLC lifted its stake in GE Aerospace by 23,611.7% in the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after acquiring an additional 5,044,632 shares during the last quarter. Nuveen LLC bought a new position in shares of GE Aerospace in the first quarter valued at approximately $777,075,000. Amundi increased its position in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in GE Aerospace by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock worth $5,030,028,000 after buying an additional 1,492,486 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays upped 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. Royal Bank Of Canada upped their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wells Fargo & Company increased their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Up 0.0%

GE traded up $0.11 during trading on Friday, hitting $281.67. The company's stock had a trading volume of 3,249,603 shares, compared to its average volume of 3,841,655. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $286.91. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $269.33 and its 200-day moving average price is $233.93. The firm 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.

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

GE Aerospace Dividend Announcement

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

GE Aerospace 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.