21,706 Shares in GE Aerospace $GE Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in shares of GE Aerospace (NYSE:GE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,706 shares of the company’s stock, valued at approximately $6,828,000.

Several other institutional investors also recently modified their holdings of the stock. Burkett Financial Services LLC boosted its holdings in shares of GE Aerospace by 28.9% during the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 28 shares in the last quarter. BOK Financial Private Wealth Inc. grew its position in GE Aerospace by 3.2% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after acquiring an additional 30 shares during the last quarter. Gradient Investments LLC increased its holdings in GE Aerospace by 4.4% in the 2nd quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after purchasing an additional 32 shares in the last quarter. Kinloch Capital LLC increased its holdings in GE Aerospace by 3.1% in the 2nd quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock worth $403,000 after purchasing an additional 32 shares in the last quarter. Finally, United Community Bank increased its holdings in GE Aerospace by 10.1% in the 2nd quarter. United Community Bank now owns 361 shares of the company’s stock worth $135,000 after purchasing an additional 33 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. Melius Research set a $350.00 target price on GE Aerospace and gave the company a “hold” rating in a research report on Monday, September 14th. UBS Group restated 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. 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 price objective (down from $400.00) on shares of GE Aerospace in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of GE Aerospace from $400.00 to $375.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Sixteen 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.45.

More GE Aerospace News

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

• Positive Sentiment: GE Aerospace partnered with BETA Technologies on a hybrid-electric aircraft demonstration, marking progress in a new propulsion technology area. GE Aerospace partners with BETA Technologies
• Positive Sentiment: GE is part of a team working on KC-135 modernization, adding a defense-program opportunity alongside its commercial aerospace business. SNC teams with BAE, Collins and GE for KC-135 modernization
• Neutral Sentiment: Analyst coverage highlighted GE’s roughly $170 billion services backlog and generally favorable ratings, but also questioned whether the stock’s valuation already reflects much of its growth potential. GE Aerospace backlog and valuation analysis
• Negative Sentiment: Vice President Robert Giglietti sold 14,796 shares, cutting his reported stake by about 42%. Insider sales can have many explanations, but may contribute to investor caution. GE Aerospace VP sells shares
• Negative Sentiment: ETFs were reported as net sellers of GE shares, a sign of near-term fund outflows that could weigh on sentiment. ETFs are net sellers of General Electric

GE Aerospace Price Performance

GE stock opened at $323.54 on Monday. The company has a market capitalization of $334.33 billion, a P/E ratio of 37.32, a PEG ratio of 2.20 and a beta of 1.43. The company has a fifty day moving average price of $314.70 and a 200-day moving average price of $323.12. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share 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 for the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. GE Aerospace’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities analysts expect that GE Aerospace will post 8.16 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were given 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 was Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is currently 21.68%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert Giglietti sold 14,796 shares of GE Aerospace stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $332.54, for a total transaction of $4,920,261.84. Following the transaction, the vice president directly owned 20,201 shares of the company’s stock, valued at approximately $6,717,640.54. The trade was a 42.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

About GE Aerospace

GE Aerospace (NYSE: GE) designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations.

The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.

GE Aerospace traces its roots to General Electric’s aviation business, which developed over more than a century.