Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in GE Aerospace $GE

Aware Super Pty Ltd as trustee of Aware Super bought a new position in GE Aerospace (NYSE:GEFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 31,883 shares of the company’s stock, valued at approximately $9,047,000.

Other institutional investors have also made changes to their positions in the company. Blueline Advisors LLC bought a new position in GE Aerospace during the fourth quarter worth $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the fourth quarter valued at $31,000. Tucker Asset Management LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth $32,000. Lifetime Wealth Management P.C. acquired a new stake in shares of GE Aerospace during the fourth quarter worth $40,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after buying an additional 59 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

More GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Trading Up 0.8%

Shares of NYSE:GE opened at $348.58 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.70 and a current ratio of 0.98. The stock has a market capitalization of $363.69 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.96 and a beta of 1.35. GE Aerospace has a 1-year low of $254.66 and a 1-year high of $382.97. The company has a 50 day moving average price of $336.31 and a 200 day moving average price of $318.52.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly 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 return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The firm’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. On average, research analysts anticipate that GE Aerospace will post 7.75 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is 23.15%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Daiwa Securities Group began coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Citigroup reaffirmed a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Finally, UBS Group increased their price target on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.33.

Read Our Latest Analysis on GE Aerospace

GE Aerospace Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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