GE Aerospace $GE Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of GE Aerospace (NYSE:GE) by 6.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,037,526 shares of the company’s stock after purchasing an additional 121,957 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in GE Aerospace were worth $524,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GE. Ameriflex Group Inc. lifted its position in shares of GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock worth $437,000 after buying an additional 331 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,201 shares in the last quarter. Rainey & Randall Wealth Advisors Inc. bought a new position in shares of GE Aerospace in the 1st quarter valued at approximately $203,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in GE Aerospace by 7.0% in the 2nd 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 during the last quarter. Finally, Leisure Capital Management bought a new stake in GE Aerospace during the first quarter worth approximately $222,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE:GE opened at $307.28 on Friday. 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 one year low of $159.36 and a one year high of $316.67. The company has a fifty day moving average price of $296.88 and a 200 day moving average price of $264.04. The stock has a market cap of $324.13 billion, a P/E ratio of 41.03, a PEG ratio of 3.09 and a beta of 1.56.

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 company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. 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 posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on GE. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. 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 report on Friday, October 17th. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $301.27.

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.