GE Aerospace $GE Shares Bought by Weaver Capital Management LLC

Weaver Capital Management LLC boosted its position in GE Aerospace (NYSE:GE) by 38.4% during the third quarter, HoldingsChannel reports. The fund owned 13,711 shares of the company’s stock after buying an additional 3,805 shares during the quarter. Weaver Capital Management LLC’s holdings in GE Aerospace were worth $4,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthPLAN Partners LLC lifted its stake in shares of GE Aerospace by 11.9% during the 3rd quarter. WealthPLAN Partners LLC now owns 2,449 shares of the company’s stock valued at $765,000 after buying an additional 261 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in GE Aerospace by 20.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 693 shares of the company’s stock worth $216,000 after buying an additional 118 shares during the period. Charles Schwab Trust Co grew its stake in GE Aerospace by 6.4% in the 3rd quarter. Charles Schwab Trust Co now owns 2,086 shares of the company’s stock valued at $651,000 after buying an additional 125 shares in the last quarter. Gunderson Capital Management LLC grew its stake in GE Aerospace by 95.1% in the 3rd quarter. Gunderson Capital Management LLC now owns 51,203 shares of the company’s stock valued at $15,990,000 after buying an additional 24,960 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its stake in GE Aerospace by 9.0% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 5,997 shares of the company’s stock valued at $1,873,000 after buying an additional 495 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Susquehanna reissued a “positive” rating and set a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Wednesday, September 9th. JPMorgan Chase & Co. raised their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. UBS Group lifted their price target on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Sixteen 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.67.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

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 Price Performance

Shares of NYSE:GE opened at $312.04 on Friday. The company has a 50 day moving average of $330.91 and a 200 day moving average of $328.32. 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 market cap of $323.76 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.24 and a beta of 1.38. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84.

GE Aerospace (NYSE:GE) last posted 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 business had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the prior year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, sell-side analysts forecast that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

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.