GE Aerospace $GE Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of GE Aerospace (NYSE:GE) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,077 shares of the company’s stock after acquiring an additional 9,763 shares during the period. Vise Technologies Inc.’s holdings in GE Aerospace were worth $19,074,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. GK Wealth Management LLC purchased a new position in GE Aerospace in the 3rd quarter worth approximately $25,000. Paladin Partners LLC bought a new position in GE Aerospace in the 2nd quarter worth $38,000. Parvin Asset Management LLC purchased a new stake in shares of GE Aerospace in the second quarter worth about $41,000. Clark Wealth Partners increased its position in GE Aerospace by 70.1% during the third quarter. Clark Wealth Partners now owns 114 shares of the company’s stock valued at $36,000 after acquiring an additional 47 shares during the last quarter. Finally, Markowski Investments bought a new stake in GE Aerospace during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GE. Guggenheim set a $380.00 price target on GE Aerospace in a report on Wednesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $378.00 price objective on shares of GE Aerospace in a report on Wednesday, October 21st. Wells Fargo & Company reduced their price objective on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $425.00 price target on shares of GE Aerospace in a research note on Sunday, October 25th. Sixteen 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 stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $373.45.

Key Headlines Impacting 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 Price Performance

GE opened at $301.58 on Friday. The firm has a market capitalization of $311.64 billion, a P/E ratio of 34.78, a PEG ratio of 2.05 and a beta of 1.38. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average of $317.37 and a 200-day moving average of $323.12.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.01 by $0.24. The company had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 EPS. Equities analysts forecast that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a $0.47 dividend. The ex-dividend date was Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio is 21.68%.

GE Aerospace Company Profile

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.