TIAA Trust National Association Increases Stake in GE Aerospace $GE

TIAA Trust National Association raised its stake in GE Aerospace (NYSE:GE) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 123,420 shares of the company’s stock after purchasing an additional 986 shares during the quarter. TIAA Trust National Association’s holdings in GE Aerospace were worth $31,765,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GE. Ameriflex Group Inc. boosted its holdings in GE Aerospace by 23.5% in the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company’s stock valued at $437,000 after acquiring an additional 331 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of GE Aerospace by 17.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,201 shares during the period. Rainey & Randall Wealth Advisors Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at about $203,000. Concurrent Investment Advisors LLC boosted its stake in shares of GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock valued at $8,065,000 after purchasing an additional 8,245 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of GE Aerospace by 7.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,120 shares of the company’s stock valued at $46,876,000 after buying an additional 11,873 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on GE shares. Wolfe Research raised their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Citigroup reissued a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group set a $366.00 price target on GE Aerospace and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Bank of America raised their price objective on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

GE stock opened at $309.09 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The firm has a 50 day moving average price of $293.60 and a 200-day moving average price of $260.25. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The firm has a market capitalization of $326.03 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 3.09 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 for the quarter, topping the consensus estimate of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts forecast 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 was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

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.