Teacher Retirement System of Texas Sells 102,435 Shares of GE Aerospace $GE

Teacher Retirement System of Texas lowered its position in GE Aerospace (NYSE:GE) by 22.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 355,000 shares of the company’s stock after selling 102,435 shares during the quarter. Teacher Retirement System of Texas’ holdings in GE Aerospace were worth $91,373,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GE. GQG Partners LLC bought a new position in shares of GE Aerospace in the first quarter worth $1,606,840,000. Nuveen LLC bought a new position in shares of GE Aerospace in the first quarter worth $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 purchasing an additional 1,771,944 shares during the period. 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 purchasing an additional 1,492,486 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in shares of GE Aerospace by 7,406.4% in the first quarter. 1832 Asset Management L.P. now owns 1,212,209 shares of the company’s stock worth $242,624,000 after purchasing an additional 1,196,060 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $303.97 on Monday. The company has a 50-day simple moving average of $289.19 and a two-hundred day simple moving average of $255.82. 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 has a 12-month low of $159.36 and a 12-month high of $316.53. The firm has a market cap of $320.63 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.14 and a beta of 1.49.

GE Aerospace (NYSE:GE) last posted 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 business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. TD Cowen upped their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Jefferies Financial Group upped their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $284.27.

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.