TD Waterhouse Canada Inc. Sells 35,493 Shares of GE Aerospace $GE

TD Waterhouse Canada Inc. lessened its stake in GE Aerospace (NYSE:GE) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 413,412 shares of the company’s stock after selling 35,493 shares during the period. TD Waterhouse Canada Inc.’s holdings in GE Aerospace were worth $129,262,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WealthBridge Capital Management LLC boosted its position in shares of GE Aerospace by 10.1% during the third quarter. WealthBridge Capital Management LLC now owns 1,943 shares of the company’s stock worth $607,000 after buying an additional 178 shares during the period. Opal Wealth Advisors LLC raised its holdings in shares of GE Aerospace by 36.4% in the 3rd quarter. Opal Wealth Advisors LLC now owns 1,505 shares of the company’s stock valued at $470,000 after buying an additional 402 shares during the period. Rise Advisors LLC raised its holdings in shares of GE Aerospace by 13.7% in the 3rd quarter. Rise Advisors LLC now owns 1,011 shares of the company’s stock valued at $316,000 after buying an additional 122 shares during the period. James T. Borello RIA lifted its stake in GE Aerospace by 10.4% during the 3rd quarter. James T. Borello RIA now owns 519 shares of the company’s stock worth $162,000 after acquiring an additional 49 shares in the last quarter. Finally, Cyr Financial Inc. lifted its stake in GE Aerospace by 6.8% during the 3rd quarter. Cyr Financial Inc. now owns 5,528 shares of the company’s stock worth $1,726,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

More GE Aerospace News

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

• Positive Sentiment: Turkish Airlines and CFM International signed a memorandum covering more than 600 LEAP-1B engines, including 300 engines for up to 150 Boeing 737 MAX aircraft, long-term services and material support for a future maintenance facility. The agreement reinforces GE’s long-term engine and aftermarket opportunity. Turkish Airlines and CFM sign MOU for more than 600 LEAP-1B engines
• Positive Sentiment: Bernstein reiterated a Buy rating and its $421 price target, citing resilient aftermarket demand and continued LEAP engine growth. GE Aerospace analyst rating and price target
• Positive Sentiment: Analysts expect third-quarter results to reflect solid commercial and defense demand, with growth potentially supported by GE’s large installed engine base and service revenue. How to Approach GE Aerospace Stock Ahead of Its Q3 Earnings Release?
• Positive Sentiment: GE awarded a $16 million defense-related fighter-jet generator repair order to its Vandalia, Ohio, operation, providing a modest boost to defense backlog and facility utilization.
• Neutral Sentiment: Morgan Stanley said aerospace and defense demand remains intact despite softer investor sentiment across the sector, suggesting fundamentals are holding up even as market enthusiasm cools. Aerospace, Defense Stocks’ Demand Intact Despite Softer Sentiment
• Neutral Sentiment: GE’s foundation plans to invest $1 million in Dallas-Fort Worth aviation workforce training, while the company is also pursuing international sourcing and facility investments. These initiatives may support long-term capacity but have limited near-term earnings impact.
• Negative Sentiment: The options market is positioned for GE shares to decline following the earnings release, signaling caution ahead of a potentially volatile report. Ahead of GE Aerospace Earnings, Here’s What Barchart Data Says Comes Next for GE Stock
• Negative Sentiment: Although growth expectations are favorable, GE trades at a premium valuation and faces rising costs. Any earnings miss, cautious guidance or margin pressure could prompt profit-taking.

GE Aerospace Stock Up 0.6%

Shares of GE Aerospace stock traded up $1.79 during trading hours on Friday, reaching $313.79. 4,204,651 shares of the company were exchanged, compared to its average volume of 4,298,996. The firm has a market cap of $325.58 billion, a PE ratio of 36.96, a PEG ratio of 2.28 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84. The stock’s fifty day moving average is $329.77 and its 200 day moving average is $328.21.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The firm had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same period last year, the business posted $1.66 earnings per share. GE Aerospace’s revenue was up 21.1% compared to the same quarter last year. As a group, equities research analysts forecast 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 will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a yield of 0.6%. GE Aerospace’s dividend payout ratio is 22.14%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $450.00 target price on shares of GE Aerospace in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. UBS Group increased their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Susquehanna reissued a “positive” rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Finally, TD Cowen reissued a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.67.

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.