PFA Pension Forsikringsaktieselskab Purchases New Stake in GE Aerospace $GE

PFA Pension Forsikringsaktieselskab purchased a new stake in GE Aerospace (NYSE:GE) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 650,761 shares of the company’s stock, valued at approximately $202,901,000. GE Aerospace accounts for approximately 0.6% of PFA Pension Forsikringsaktieselskab’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REAP Financial Group LLC acquired a new position in GE Aerospace in the third quarter valued at about $25,000. Marquette Asset Management LLC acquired a new position in GE Aerospace during the third quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC raised its stake in GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares in the last quarter. Roble Belko & Company Inc raised its stake in GE Aerospace by 98.1% during the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in GE Aerospace during the third quarter worth about $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Activity

In other news, SVP Amy L. Gowder sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total value of $1,222,920.00. Following the completion of the transaction, the senior vice president owned 16,535 shares of the company’s stock, valued at $5,055,245.55. This represents a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

GE Aerospace Stock Performance

GE Aerospace stock opened at $286.91 on Friday. The business has a 50 day moving average of $305.62 and a 200-day moving average of $306.27. GE Aerospace has a 1 year low of $205.56 and a 1 year high of $348.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The company has a market capitalization of $299.34 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.69 and a beta of 1.36.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts predict that GE Aerospace will post 7.46 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, March 9th were paid a $0.47 dividend. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. This represents a $1.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 9th. GE Aerospace’s payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

GE has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, January 22nd. Wells Fargo & Company initiated coverage on GE Aerospace in a research note on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price for the company. Susquehanna reissued a “positive” rating and set a $380.00 target price on shares of GE Aerospace in a research note on Thursday, January 15th. Jefferies Financial Group set a $365.00 target price on GE Aerospace in a research note on Sunday, April 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $349.89.

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.