Louisiana State Employees Retirement System Makes New $15.15 Million Investment in GE Aerospace $GE

Louisiana State Employees Retirement System bought a new stake in shares of GE Aerospace (NYSE:GEFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 53,400 shares of the company’s stock, valued at approximately $15,153,000.

Other hedge funds have also recently made changes to their positions in the company. Parkway Wealth Management Group LLC increased its stake in GE Aerospace by 7.2% in the 1st quarter. Parkway Wealth Management Group LLC now owns 10,412 shares of the company’s stock worth $3,259,000 after buying an additional 699 shares during the period. Contravisory Investment Management Inc. boosted its position in GE Aerospace by 0.6% in the 1st quarter. Contravisory Investment Management Inc. now owns 27,837 shares of the company’s stock valued at $7,899,000 after buying an additional 169 shares during the period. Triangle Securities Wealth Management boosted its position in GE Aerospace by 7.5% in the 1st quarter. Triangle Securities Wealth Management now owns 2,870 shares of the company’s stock valued at $814,000 after buying an additional 199 shares during the period. Silver Oak Securities Incorporated grew its stake in GE Aerospace by 3.0% in the 1st quarter. Silver Oak Securities Incorporated now owns 4,720 shares of the company’s stock worth $1,339,000 after acquiring an additional 137 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its stake in GE Aerospace by 1.1% in the 1st quarter. Fiduciary Alliance LLC now owns 4,003 shares of the company’s stock worth $1,257,000 after acquiring an additional 45 shares in 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:

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GE. President Capital decreased their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Daiwa Securities Group started coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. UBS Group reduced their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of GE Aerospace in a report on Wednesday, May 27th. 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 issued a Sell rating to the company. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $348.22.

Read Our Latest Stock Report on GE

GE Aerospace Stock Up 1.3%

NYSE:GE opened at $370.74 on Friday. The stock has a market capitalization of $386.81 billion, a P/E ratio of 45.66, a P/E/G ratio of 3.24 and a beta of 1.37. GE Aerospace has a fifty-two week low of $243.34 and a fifty-two week high of $379.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01. The company’s 50-day simple moving average is $313.66 and its 200-day simple moving average is $311.61.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The business had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities analysts anticipate that GE Aerospace will post 7.48 earnings per share 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. Shareholders of record on Monday, July 6th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s payout ratio is currently 23.15%.

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.

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

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