OMERS ADMINISTRATION Corp Purchases 2,976 Shares of GE Aerospace $GE

OMERS ADMINISTRATION Corp grew its holdings in shares of GE Aerospace (NYSE:GE) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,903 shares of the company’s stock after purchasing an additional 2,976 shares during the period. OMERS ADMINISTRATION Corp’s holdings in GE Aerospace were worth $29,862,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the 4th quarter worth approximately $31,000. Paladin Partners LLC acquired a new position in GE Aerospace in the 2nd quarter valued at approximately $38,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the 4th quarter valued at approximately $32,000. Finally, Burkett Financial Services LLC raised its stake in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GE shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Wells Fargo & Company restated an “overweight” rating and issued a $390.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Seaport Research Partners initiated coverage on GE Aerospace in a research report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price for the company. Citigroup reiterated a “buy” rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Finally, Sanford C. Bernstein set a $421.00 price target on GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Trading Up 0.1%

NYSE:GE opened at $348.85 on Monday. The firm’s fifty day moving average is $361.10 and its 200-day moving average is $326.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a 52 week low of $266.37 and a 52 week high of $388.84. The firm has a market cap of $361.95 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.54 and a beta of 1.36.

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

GE Aerospace Announces Dividend

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

About GE Aerospace

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.