Connor Clark & Lunn Investment Management Ltd. Decreases Stake in GE Aerospace $GE

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of GE Aerospace (NYSE:GE) by 66.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,519 shares of the company’s stock after selling 278,510 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in GE Aerospace were worth $52,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GE. Blueline Advisors LLC bought a new position in GE Aerospace in the 4th quarter worth $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at about $31,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at about $32,000. Paladin Partners LLC purchased a new position in shares of GE Aerospace during the second quarter valued at about $38,000. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of GE Aerospace during the fourth quarter valued at about $40,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

GE Aerospace Price Performance

Shares of GE opened at $341.92 on Tuesday. GE Aerospace has a fifty-two week low of $266.56 and a fifty-two week high of $388.84. The firm’s 50-day simple moving average is $361.09 and its two-hundred day simple moving average is $327.19. The stock has a market cap of $354.76 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period last year, the business earned $1.66 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is presently 22.14%.

Analysts Set New Price Targets

GE has been the subject of several research analyst reports. TD Cowen restated a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. JPMorgan Chase & Co. increased their target price on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. The Goldman Sachs Group restated a “buy” rating and issued a $410.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. Jefferies Financial Group lifted their price target on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $450.00 price target on shares of GE Aerospace in a research note on Monday, July 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.59.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.