GE Aerospace $GE Shares Sold by NFSG Corp

NFSG Corp cut its position in shares of GE Aerospace (NYSE:GE) by 44.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,155 shares of the company’s stock after selling 6,544 shares during the period. NFSG Corp’s holdings in GE Aerospace were worth $2,547,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GE. Susquehanna Fundamental Investments LLC lifted its stake in shares of GE Aerospace by 261.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock valued at $79,830,000 after purchasing an additional 154,429 shares during the period. Clough Capital Partners L P grew its stake in GE Aerospace by 37.1% in the first quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock worth $20,016,000 after purchasing an additional 19,105 shares during the period. HWG Holdings LP grew its stake in GE Aerospace by 54.7% in the third quarter. HWG Holdings LP now owns 15,640 shares of the company’s stock worth $4,884,000 after purchasing an additional 5,531 shares during the period. Ascentis Independent Advisors grew its stake in GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock worth $1,225,000 after purchasing an additional 2,912 shares during the period. Finally, GoalVest Advisory LLC grew its stake in GE Aerospace by 330.1% in the third quarter. GoalVest Advisory LLC now owns 30,858 shares of the company’s stock worth $9,637,000 after purchasing an additional 23,684 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 1.6%

Shares of NYSE:GE opened at $312.04 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $330.91 and a two-hundred day simple moving average of $328.32. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The stock has a market capitalization of $323.76 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.24 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its earnings results 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. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. On average, research analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current fiscal 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 given a $0.47 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s payout ratio is 22.14%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the company’s 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 owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GE. TD Cowen reiterated a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Susquehanna reaffirmed a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased 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. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $386.67.

Key GE Aerospace News

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

• Positive Sentiment: GE Aerospace received a $16 million defense order for fighter-jet generator repair work in Vandalia, Ohio. The contract adds to the company’s defense aftermarket activity and provides incremental revenue visibility. GE Aerospace sends $16M defense order for fighter jet repair work to Vandalia
• Positive Sentiment: Analysts and market commentary are constructive ahead of GE Aerospace’s October 20 earnings release. Coverage points to the possibility of solid third-quarter results, while the average analyst target of $386.67 and Susquehanna’s $430 buy-rated target remain well above the recent trading level. Why It’s Time To Load Up on GE Aerospace Stock GE Aerospace Stock Has Average Target Price of $386.67
• Positive Sentiment: GE Aerospace is committing approximately $400 million to sourcing in India and investing £30 million to expand its Prestwick operation, expected to create 150 jobs. These investments could strengthen manufacturing capacity and support long-term growth, though they may increase near-term spending. GE Aerospace commits USD 400 million to India sourcing GE Aerospace to invest £30m in Prestwick expansion
• Positive Sentiment: The GE Aerospace Foundation’s $1 million workforce-training investment in the Dallas-Fort Worth region may help address skilled-labor shortages and support future hiring. North Texas Aerospace Industry Needs Workers
• Neutral Sentiment: GE Aerospace’s CEO participated in discussions with U.S. officials on aircraft-certification reform. Faster approvals could benefit the industry, but the timing and financial impact remain uncertain. US Transportation Secretary meeting with Boeing and GE CEOs
• Negative Sentiment: Deutsche Bank reduced its GE Aerospace price target to $377 from $450, signaling less upside than previously expected. With the stock trading at a high earnings multiple, investors may be particularly sensitive to any earnings miss or cautious guidance. Deutsche Bank Adjusts Price Target on GE Aerospace

GE Aerospace Company 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.