QRG Capital Management Inc. Raises Stock Holdings in GE Aerospace $GE

QRG Capital Management Inc. grew its position in GE Aerospace (NYSE:GE) by 10.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 195,261 shares of the company’s stock after acquiring an additional 18,534 shares during the quarter. GE Aerospace comprises about 0.6% of QRG Capital Management Inc.’s holdings, making the stock its 27th largest position. QRG Capital Management Inc.’s holdings in GE Aerospace were worth $55,409,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GE. High Falls Advisors Inc raised its position in GE Aerospace by 3.0% in the 4th quarter. High Falls Advisors Inc now owns 1,069 shares of the company’s stock valued at $329,000 after purchasing an additional 31 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in GE Aerospace by 1.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 3,474 shares of the company’s stock worth $1,070,000 after purchasing an additional 33 shares during the period. Montz Harcus Wealth Management LLC boosted its stake in GE Aerospace by 3.6% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 947 shares of the company’s stock worth $292,000 after purchasing an additional 33 shares during the period. Darwin Wealth Management LLC grew its position in GE Aerospace by 2.0% during the 4th quarter. Darwin Wealth Management LLC now owns 1,699 shares of the company’s stock worth $523,000 after purchasing an additional 33 shares during the last quarter. Finally, LRI Investments LLC grew its position in GE Aerospace by 1.4% during the 4th quarter. LRI Investments LLC now owns 2,390 shares of the company’s stock worth $736,000 after purchasing an additional 33 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of NYSE GE opened at $377.14 on Friday. 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 stock has a fifty day moving average price of $322.83 and a 200 day moving average price of $315.01. GE Aerospace has a 1-year low of $243.34 and a 1-year high of $382.97. The company has a market cap of $393.49 billion, a PE ratio of 46.45, a P/E/G ratio of 3.35 and a beta of 1.35.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The firm had revenue of $11.61 billion for the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts forecast that GE Aerospace will post 7.48 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 23.15%.

Analyst Ratings Changes

A number of research analysts have commented on GE shares. BNP Paribas Exane dropped their price objective 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. Citigroup reiterated a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday. President Capital lowered their price target on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. TD Cowen dropped their price target on GE Aerospace from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $357.56.

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.