New York State Teachers Retirement System Cuts Position in GE Aerospace $GE

New York State Teachers Retirement System decreased its position in shares of GE Aerospace (NYSE:GE) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 885,284 shares of the company’s stock after selling 25,597 shares during the period. GE Aerospace makes up approximately 0.5% of New York State Teachers Retirement System’s holdings, making the stock its 26th largest holding. New York State Teachers Retirement System owned approximately 0.08% of GE Aerospace worth $266,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Luxxe Assets LLC raised its holdings in shares of GE Aerospace by 2.8% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 35,271 shares of the company’s stock valued at $10,610,000 after buying an additional 949 shares in the last quarter. Associated Banc Corp raised its stake in shares of GE Aerospace by 33.2% during the third quarter. Associated Banc Corp now owns 4,219 shares of the company’s stock worth $1,269,000 after acquiring an additional 1,051 shares in the last quarter. CGC Financial Services LLC raised its stake in shares of GE Aerospace by 202.7% during the third quarter. CGC Financial Services LLC now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares in the last quarter. Phillips Financial Management LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter valued at $326,000. Finally, Hemington Wealth Management boosted its stake in shares of GE Aerospace by 21.5% in the 3rd quarter. Hemington Wealth Management now owns 959 shares of the company’s stock valued at $288,000 after purchasing an additional 170 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup assumed coverage on GE Aerospace in a research note on Thursday, December 11th. They set a “buy” rating and a $386.00 price objective on the stock. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Wolfe Research increased their price objective on GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.94.

GE Aerospace Stock Up 2.3%

Shares of NYSE GE opened at $321.65 on Friday. The firm has a fifty day simple moving average of $303.28 and a two-hundred day simple moving average of $287.82. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $332.79. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $339.28 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.40.

GE Aerospace (NYSE:GE) last announced 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 company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. GE Aerospace’s quarterly 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. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling at GE Aerospace

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

GE Aerospace Company Profile

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.