2,678 GE Aerospace $GE Shares Sold by Formuepleje A S

Formuepleje A S decreased its stake in GE Aerospace (NYSE:GE) by 34.8% in the third quarter, HoldingsChannel reports. The firm owned 5,025 shares of the company’s stock after selling 2,678 shares during the period. Formuepleje A S’s holdings in GE Aerospace were worth $1,569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Auto Owners Insurance Co increased its stake in GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares in the last quarter. Amundi raised its holdings in GE Aerospace by 135.2% during the 1st quarter. Amundi now owns 6,119,975 shares of the company’s stock worth $1,736,665,000 after buying an additional 3,518,278 shares during the period. Jupiter Topco LLC purchased a new stake in GE Aerospace during the second quarter valued at about $1,283,858,000. Wellington Management Group LLP lifted its stake in GE Aerospace by 97.3% during the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock valued at $2,540,592,000 after buying an additional 3,352,432 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after buying an additional 3,017,937 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Up 0.8%

Shares of GE stock traded up $2.60 on Thursday, reaching $309.62. 1,187,876 shares of the company’s stock traded hands, compared to its average volume of 5,065,144. The company has a market capitalization of $321.25 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.38. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The business’s 50 day moving average price is $332.15 and its two-hundred day moving average price is $328.11.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. On average, equities analysts forecast that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s payout ratio is 22.14%.

Analysts Set New Price Targets

GE has been the subject of several recent analyst reports. UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. TD Cowen restated a “buy” rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Citigroup restated a “buy” rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Finally, Wells Fargo & Company decreased their price objective on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.67.

Key Stories Impacting GE Aerospace

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

• Positive Sentiment: Analysts and market commentators expect GE Aerospace to deliver solid third-quarter results, supporting renewed interest in the stock ahead of earnings. Investors are focused on revenue, profitability, orders and other operating metrics that could reinforce the company’s growth outlook. Why It’s Time To Load Up on GE Aerospace Stock GE Q3 Earnings on the Horizon
• Positive Sentiment: GE’s expansion plans are receiving government support. The company is investing roughly £27 million alongside up to £33 million in U.K. public funding to expand its Prestwick facility, protect about 850 jobs and create 150 more. The site supports engines used on Boeing 787 aircraft, strengthening GE’s long-term aftermarket business. GE Aerospace to invest in Prestwick expansion
• Positive Sentiment: GE Aerospace also plans to commit $400 million to sourcing and manufacturing activity in India, while a separate foundation initiative will invest $1 million in workforce training in the Dallas-Fort Worth area. These projects support capacity, talent development and regional government relationships. GE Aerospace commits $400 million to India sourcing
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported average price target of $386.67 and Susquehanna maintaining a Buy rating with a $430 target. However, GE is also one of the market’s most-watched stocks, which may increase short-term volatility around earnings. GE Aerospace average target price
• Neutral Sentiment: GE’s chief executive is participating in discussions with U.S. officials on aircraft-certification reform. Faster certification could benefit aerospace manufacturers over time, but the immediate financial impact is unclear. Aircraft certification reform discussions
• Negative Sentiment: Deutsche Bank cut its GE Aerospace price target to $377 from $450, signaling reduced upside expectations even though the stock remains above that revised target. GE’s planned $11.75 billion acquisition of Consolidated Precision Products also raises execution and valuation risks, particularly with the stock trading at a premium earnings multiple. Deutsche Bank adjusts GE Aerospace price target

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was 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 of the company’s stock, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

About GE Aerospace

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.