GE Aerospace $GE Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in GE Aerospace (NYSE:GE) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 747,349 shares of the company’s stock after selling 112,025 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in GE Aerospace were worth $279,307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Auto Owners Insurance Co increased its holdings in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after purchasing an additional 65,595,733 shares during the period. State Street Corp raised its stake in shares of GE Aerospace by 1.5% during the fourth quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after purchasing an additional 663,160 shares in the last quarter. Geode Capital Management LLC lifted its holdings in GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock worth $7,615,200,000 after purchasing an additional 312,880 shares during the period. Norges Bank acquired a new stake in GE Aerospace in the fourth quarter worth about $4,444,736,000. Finally, Morgan Stanley grew its position in GE Aerospace by 2.4% in the 4th quarter. Morgan Stanley now owns 13,924,762 shares of the company’s stock valued at $4,289,245,000 after buying an additional 332,380 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Down 1.9%

Shares of GE stock opened at $341.92 on Tuesday. The stock has a 50-day simple moving average of $361.09 and a 200 day simple moving average of $327.19. GE Aerospace has a fifty-two week low of $266.56 and a fifty-two week high of $388.84. The stock has a market capitalization of $354.76 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.54 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the previous year, the company earned $1.66 earnings per share. GE Aerospace’s revenue 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. On average, sell-side analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 22.14%.

Wall Street Analyst Weigh In

Several research firms have commented on GE. BNP Paribas Exane lowered their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. TD Cowen reaffirmed a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. UBS Group raised their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Seaport Research Partners started coverage on GE Aerospace in a report on Tuesday, May 26th. They set a “buy” rating and a $375.00 target price on the stock. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $390.59.

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. The trade was 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 owned by corporate insiders.

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.