California State Teachers Retirement System Has $457.46 Million Stake in GE Aerospace $GE

California State Teachers Retirement System reduced its stake in shares of GE Aerospace (NYSE:GE) by 2.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,612,065 shares of the company’s stock after selling 45,620 shares during the quarter. California State Teachers Retirement System’s holdings in GE Aerospace were worth $457,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GE. Brighton Jones LLC boosted its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares during the period. Sivia Capital Partners LLC raised its position in shares of GE Aerospace by 4.6% in the second quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock valued at $1,116,000 after purchasing an additional 191 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of GE Aerospace by 348.6% in the second quarter. Main Street Financial Solutions LLC now owns 5,899 shares of the company’s stock worth $1,518,000 after buying an additional 4,584 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of GE Aerospace by 4.2% in the second quarter. HUB Investment Partners LLC now owns 9,035 shares of the company’s stock worth $2,326,000 after buying an additional 366 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Key GE Aerospace News

Here are the key news stories impacting GE Aerospace this week:

• Positive Sentiment: Strong engine demand supports GE’s outlook. Analysts expect a robust commercial engine market to benefit aerospace suppliers, reinforcing demand for GE Aerospace’s engines, services, and aftermarket business. Woodward, Howmet Likely to Benefit From Strong Engine Market, RBC Says
• Positive Sentiment: Middle East carrier relationships and product milestones provide a favorable demand signal. GE Aerospace highlighted flight-performance milestones, durability improvements, and technologies intended to support airlines in the Middle East. The updates strengthen the company’s commercial positioning, although they did not include a major new financial contract. GE Aerospace Showcases the Future of Flight
• Positive Sentiment: GE’s backlog remains a core investment support. A backlog reported at roughly $210 billion offers long-term revenue visibility and reflects the company’s strong competitive position in aircraft engines and services. GE Aerospace Has a Backlog Worth $210 Billion

GE Aerospace Stock Up 0.6%

GE opened at $363.93 on Wednesday. The business has a 50 day moving average of $344.60 and a 200-day moving average of $320.17. The stock has a market capitalization of $377.60 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 2.76 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. GE Aerospace has a 1-year low of $261.71 and a 1-year high of $382.97.

GE Aerospace (NYSE:GE) last announced 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. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. President Capital cut their target price on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Jefferies Financial Group upped their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Susquehanna reaffirmed a “positive” rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Finally, Daiwa Securities Group began coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price objective on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $390.59.

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.