4,668 GE Aerospace $GE Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC cut its position in shares of GE Aerospace (NYSE:GE) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 222,828 shares of the company’s stock after selling 4,668 shares during the quarter. GE Aerospace comprises 3.7% of Grandfield & Dodd LLC’s holdings, making the stock its 4th biggest position. Grandfield & Dodd LLC’s holdings in GE Aerospace were worth $69,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GK Wealth Management LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at $25,000. Paladin Partners LLC bought a new position in GE Aerospace in the second quarter valued at $38,000. Parvin Asset Management LLC bought a new position in GE Aerospace in the second quarter valued at approximately $41,000. Clark Wealth Partners increased its stake in shares of GE Aerospace by 70.1% during the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company’s stock worth $36,000 after purchasing an additional 47 shares during the last quarter. Finally, Markowski Investments bought a new position in GE Aerospace during the second quarter worth $46,000. Institutional investors own 74.77% of the company’s stock.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: GE approved NYCO’s French turbine oil for Boeing 787 GEnx-1B engines following Air France trials. The approval could support engine reliability and broaden GE’s aftermarket and maintenance opportunities. GE approves French turbine oil for Boeing 787 after Air France trials
• Positive Sentiment: A next-generation aircraft test flight over GE Aerospace’s Niskayuna, New York, research center highlights the company’s involvement in future aircraft and propulsion technologies. While not an immediate earnings catalyst, the activity reinforces GE’s long-term innovation pipeline. Future generation of planes test flight
• Positive Sentiment: GE’s engine and services businesses continue to benefit from commercial aviation demand, with analysts still recognizing the strength of its aftermarket franchise despite more cautious expectations. Is GE Aerospace Stock Worth More Than Its Competitors?

GE Aerospace Stock Performance

NYSE GE opened at $301.58 on Friday. The stock has a market capitalization of $311.64 billion, a PE ratio of 34.78, a P/E/G ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. The company’s 50 day simple moving average is $317.37 and its two-hundred day simple moving average is $323.12. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company had revenue of $13.29 billion during the quarter, compared to analyst estimates of $12.88 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. Analysts predict that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 5th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio is 21.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BNP Paribas Exane lowered their target price on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating on the stock in a report on Wednesday, October 21st. UBS Group reaffirmed a “buy” rating and set a $380.00 price target (up from $377.00) on shares of GE Aerospace in a report on Wednesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Guggenheim set a $380.00 price objective on GE Aerospace in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada set a $376.00 target price on GE Aerospace in a report on Friday, October 23rd. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.45.

About GE Aerospace

GE Aerospace (NYSE: GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.