GE Aerospace $GE Shares Purchased by West Wealth Group LLC

West Wealth Group LLC raised its stake in shares of GE Aerospace (NYSE:GE) by 222.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,141 shares of the company’s stock after buying an additional 2,168 shares during the quarter. West Wealth Group LLC’s holdings in GE Aerospace were worth $981,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GE. State Street Corp raised its holdings in shares of GE Aerospace by 2.6% in the second quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after acquiring an additional 1,160,584 shares during the last quarter. Jennison Associates LLC lifted its position in shares of GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Invesco Ltd. lifted its position in shares of GE Aerospace by 2.1% in the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock valued at $2,858,604,000 after acquiring an additional 189,979 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of GE Aerospace by 6.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company’s stock valued at $2,710,142,000 after acquiring an additional 427,820 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of 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 acquiring an additional 3,352,432 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GE. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Susquehanna reissued a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Jefferies Financial Group set a $435.00 target price on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, September 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of GE Aerospace in a research note on Wednesday, September 9th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $386.67.

GE Aerospace Trading Down 0.3%

Shares of GE opened at $306.63 on Thursday. The stock has a fifty day moving average of $332.15 and a two-hundred day moving average of $328.11. 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 company has a market capitalization of $318.15 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.25 and a beta of 1.38. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 EPS. As a group, analysts forecast that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

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

Key Stories Impacting GE Aerospace

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

• Positive Sentiment: GE Aerospace secured up to £33 million in UK government funding, alongside approximately £27 million from the company, to expand and modernize its Prestwick, Scotland, jet-engine maintenance facility. The project is expected to protect 850 jobs and create 150 more, supporting GE’s long-term aftermarket and maintenance operations. General Electric Wins UK Backing To Expand Prestwick Jet Engine Jobs
• Positive Sentiment: GE plans to increase supply-chain spending in India to $400 million by 2030 and source more components locally. The investment could improve manufacturing flexibility and deepen GE’s presence in a major aerospace-growth market. GE Aerospace to Boost India Supply Chain Spending
• Positive Sentiment: Susquehanna maintained its Buy rating and $430 price target, indicating continued confidence in GE Aerospace’s earnings outlook and valuation despite recent share-price weakness. Susquehanna Keeps Buy Rating
• Neutral Sentiment: GE Aerospace’s chief executive is scheduled to meet the U.S. transportation secretary, along with Boeing’s CEO, to discuss aircraft-certification reform. Faster or more predictable certification could benefit aerospace manufacturers, but the immediate financial impact is uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: GE Aerospace will report third-quarter results before the market opens on October 20. The announcement is likely to be the next major catalyst, with investors focused on orders, aftermarket demand, margins and full-year guidance. GE Aerospace Earnings Are Imminent
• Negative Sentiment: Deutsche Bank lowered its GE Aerospace price target to $377 from $450. Although the revised target remains above the recent trading level, the reduction signals more cautious expectations and may weigh on sentiment. Deutsche Bank Adjusts Price Target
• Negative Sentiment: Investor scrutiny remains high after GE agreed to acquire Consolidated Precision Products for $11.75 billion. The deal could strengthen GE’s control over critical castings, but its large cost raises questions about valuation, integration and whether the acquisition can justify GE’s premium multiple. GE Aerospace and the $11.75 Billion Foundry Deal

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the 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 directly owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

GE Aerospace Profile

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.