Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 16,089 Shares of GE Aerospace $GE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in GE Aerospace (NYSE:GE) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,537 shares of the company’s stock after acquiring an additional 16,089 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in GE Aerospace were worth $67,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Security Financial Services INC. lifted its position in shares of GE Aerospace by 1.6% in the 2nd quarter. Security Financial Services INC. now owns 2,711 shares of the company’s stock worth $698,000 after purchasing an additional 42 shares during the period. Foundations Investment Advisors LLC raised its stake in GE Aerospace by 22.6% in the second quarter. Foundations Investment Advisors LLC now owns 11,721 shares of the company’s stock worth $3,017,000 after buying an additional 2,160 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in GE Aerospace by 1.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,421,407 shares of the company’s stock worth $880,636,000 after buying an additional 50,337 shares during the period. Kane Investment Management Inc. lifted its holdings in GE Aerospace by 30.8% in the second quarter. Kane Investment Management Inc. now owns 6,383 shares of the company’s stock worth $1,647,000 after buying an additional 1,504 shares during the period. Finally, Tiff Advisory Services LLC boosted its position in GE Aerospace by 1.6% during the 2nd quarter. Tiff Advisory Services LLC now owns 13,947 shares of the company’s stock valued at $3,590,000 after acquiring an additional 214 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.1%

NYSE:GE opened at $304.50 on Friday. The company has a market cap 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 company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $299.92 and a two-hundred day simple moving average of $267.93. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67.

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

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. Royal Bank Of Canada increased their target price on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group increased their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. TD Cowen boosted their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

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.