GE Aerospace $GE Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of GE Aerospace (NYSE:GE) by 36.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,762 shares of the company’s stock after buying an additional 69,418 shares during the period. KBC Group NV’s holdings in GE Aerospace were worth $67,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its position in GE Aerospace by 7.1% during the fourth 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 during the period. Mosaic Family Wealth Partners LLC purchased a new position in GE Aerospace in the first quarter valued at $216,000. PAX Financial Group LLC acquired a new stake in shares of GE Aerospace during the 1st quarter valued at about $322,000. Finally, Kornitzer Capital Management Inc. KS raised its holdings in GE Aerospace by 13.5% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 8,638 shares of the company’s stock worth $1,729,000 after purchasing an additional 1,028 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GE shares. Wells Fargo & Company boosted their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wolfe Research lifted their target price on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

Shares of GE opened at $308.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $316.67. The stock has a market cap of $325.44 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The firm has a fifty day moving average price of $298.97 and a 200 day moving average price of $266.95.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were paid a $0.36 dividend. The ex-dividend date was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

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.