Czech National Bank Buys 14,144 Shares of GE Aerospace $GE

Czech National Bank lifted its stake in GE Aerospace (NYSE:GE) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,662 shares of the company’s stock after purchasing an additional 14,144 shares during the period. GE Aerospace comprises about 0.5% of Czech National Bank’s investment portfolio, making the stock its 29th largest position. Czech National Bank’s holdings in GE Aerospace were worth $67,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Putney Financial Group LLC bought a new position in GE Aerospace during the 4th quarter worth about $28,000. IMA Advisory Services Inc. bought a new position in GE Aerospace during the 1st quarter worth about $28,000. Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Nova Wealth Management Inc. bought a new position in GE Aerospace during the 1st quarter worth about $29,000. Finally, Wealth Preservation Advisors LLC bought a new position in GE Aerospace during the 1st quarter worth about $30,000. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GE shares. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company lifted their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Barclays boosted their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group lifted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Trading Up 1.8%

GE Aerospace stock opened at $286.86 on Tuesday. The stock has a 50-day moving average of $270.09 and a two-hundred day moving average of $234.71. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a one year low of $159.36 and a one year high of $287.11. The stock has a market cap of $304.20 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 7th. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

GE Aerospace 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.