Allspring Global Investments Holdings LLC Grows Stock Holdings in GE Aerospace $GE

Allspring Global Investments Holdings LLC boosted its stake in shares of GE Aerospace (NYSE:GEFree Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 845,177 shares of the company’s stock after buying an additional 81,550 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in GE Aerospace were worth $247,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new stake in GE Aerospace in the fourth quarter valued at $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $32,000. Lifetime Wealth Management P.C. acquired a new position in GE Aerospace during the fourth quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC raised its position in GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after acquiring an additional 59 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

NYSE GE opened at $346.16 on Friday. The business’s 50-day moving average price is $335.28 and its 200 day moving average price is $318.30. GE Aerospace has a twelve month low of $254.66 and a twelve month high of $382.97. The company has a market capitalization of $361.16 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $12.24 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, research analysts predict that GE Aerospace will post 7.49 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Trending Headlines about GE Aerospace

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup reissued a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group upped their target price on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Seaport Research Partners assumed coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $365.61.

Check Out 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.

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

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