Czech National Bank Increases Stake in GE Aerospace $GE

by · The Cerbat Gem

Czech National Bank lifted its stake in GE Aerospace (NYSE:GE – Free Report) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 260,662 shares of the company’s stock after acquiring an additional 14,144 shares during the period. GE Aerospace comprises about 0.5% of Czech National Bank’s holdings, making the stock its 29th biggest position. Czech National Bank’s holdings in GE Aerospace were worth $67,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in GE Aerospace by 17.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 8,241 shares of the company’s stock worth $1,647,000 after buying an additional 1,201 shares during the last quarter. Rainey & Randall Wealth Advisors Inc. purchased a new position in GE Aerospace during the 1st quarter worth approximately $203,000. Sendero Wealth Management LLC raised its position in GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company’s stock worth $3,004,000 after buying an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in GE Aerospace by 25.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company’s stock worth $8,065,000 after buying an additional 8,245 shares during the last quarter. Finally, Global Assets Advisory LLC raised its position in GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company’s stock worth $2,751,000 after buying an additional 9,580 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GE. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Finally, Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

Check Out Our Latest Stock Report on GE

GE Aerospace Price Performance

NYSE:GE opened at $286.86 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The firm has a market cap of $304.20 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48. The company has a 50 day moving average price of $270.09 and a 200-day moving average price of $234.71. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $287.11.

GE Aerospace (NYSE:GE – Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 20.08%.

GE Aerospace Profile

(Free Report)

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.

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