Dodge & Cox Sells 4,920,540 Shares of GE Aerospace $GE

Dodge & Cox lowered its position in shares of GE Aerospace (NYSE:GE) by 35.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,065,811 shares of the company’s stock after selling 4,920,540 shares during the quarter. Dodge & Cox’s holdings in GE Aerospace were worth $2,333,449,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GE. Norges Bank acquired a new position in shares of GE Aerospace in the 2nd quarter valued at $3,408,828,000. GQG Partners LLC bought a new position in GE Aerospace during the first quarter worth about $1,606,840,000. Nuveen LLC acquired a new position in GE Aerospace in the first quarter valued at about $777,075,000. Amundi increased its holdings in shares of GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after acquiring an additional 1,771,944 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of GE Aerospace by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company’s stock worth $5,030,028,000 after acquiring an additional 1,492,486 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. Susquehanna began coverage on GE Aerospace in a report on Thursday. They set a “positive” rating and a $350.00 price objective on the stock. Jefferies Financial Group lifted their price target on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. The Goldman Sachs Group increased their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. BNP Paribas Exane began coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Finally, Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $304.31.

GE Aerospace Stock Performance

Shares of GE stock opened at $291.49 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The company’s fifty day simple moving average is $300.74 and its 200-day simple moving average is $275.69. The firm has a market cap of $307.47 billion, a PE ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same period in the previous year, the business earned $1.15 EPS. The company’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

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.