Public Employees Retirement System of Ohio Invests $147.73 Million in GE Aerospace $GE

Public Employees Retirement System of Ohio purchased a new stake in shares of GE Aerospace (NYSE:GEFree Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 395,285 shares of the company’s stock, valued at approximately $147,730,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new position in GE Aerospace in the 2nd quarter worth approximately $41,000. Corient Private Wealth LP boosted its stake in GE Aerospace by 17.9% during the 2nd quarter. Corient Private Wealth LP now owns 815,777 shares of the company’s stock valued at $304,880,000 after purchasing an additional 123,746 shares during the last quarter. Birmingham Capital Management Co. Inc. AL bought a new stake in shares of GE Aerospace in the 2nd quarter worth $3,708,000. Windsor Advisory Group LLC increased its holdings in shares of GE Aerospace by 44.7% in the 2nd quarter. Windsor Advisory Group LLC now owns 1,139 shares of the company’s stock worth $426,000 after purchasing an additional 352 shares in the last quarter. Finally, Freestone Grove Partners LP increased its holdings in shares of GE Aerospace by 167.4% in the 2nd quarter. Freestone Grove Partners LP now owns 414,905 shares of the company’s stock worth $155,062,000 after purchasing an additional 259,747 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE stock opened at $342.32 on Friday. The company has a market cap of $355.18 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.59 and a beta of 1.36. GE Aerospace has a 1 year low of $268.01 and a 1 year high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock’s fifty day moving average price is $360.66 and its 200-day moving average price is $327.98.

GE Aerospace (NYSE:GEGet Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts forecast that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s payout ratio is currently 22.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group upped their price target on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a report on Friday, July 17th. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Seaport Research Partners initiated coverage on shares of GE Aerospace in a research note on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. Finally, BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $390.59.

Check Out Our Latest Report on GE

GE Aerospace News Roundup

Here are the key news stories impacting GE Aerospace this week:

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

GE Aerospace Company 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.

Further Reading

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

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