Nomura Asset Management Co. Ltd. Grows Holdings in GE Aerospace $GE

Nomura Asset Management Co. Ltd. increased its position in shares of GE Aerospace (NYSE:GE) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,960 shares of the company’s stock after purchasing an additional 10,475 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in GE Aerospace were worth $102,946,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ameriflex Group Inc. boosted its stake in shares of GE Aerospace by 23.5% during the 2nd quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after acquiring an additional 331 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in GE Aerospace by 17.1% during the first quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,201 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in GE Aerospace by 1.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 159,682 shares of the company’s stock worth $41,101,000 after purchasing an additional 2,779 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in GE Aerospace by 7.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock worth $46,876,000 after purchasing an additional 11,873 shares in the last quarter. Finally, Leisure Capital Management acquired a new stake in GE Aerospace in the first quarter valued at $222,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 0.1%

Shares of GE opened at $304.50 on Monday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67. The company has a market capitalization of $321.19 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The stock has a fifty day moving average of $299.92 and a two-hundred day moving average of $268.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter last 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, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on GE shares. TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Bank of America lifted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Barclays raised their price objective 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. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, The Goldman Sachs Group boosted their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $301.27.

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.