GE Aerospace $GE Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. cut its holdings in shares of GE Aerospace (NYSE:GE) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 292,668 shares of the company’s stock after selling 55,452 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in GE Aerospace were worth $91,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GE. Susquehanna Fundamental Investments LLC raised its holdings 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 buying an additional 154,429 shares during the period. Christensen King & Associates Investment Services Inc. purchased a new position in GE Aerospace during the 3rd quarter valued at about $4,934,000. HWG Holdings LP boosted its holdings in GE Aerospace by 54.7% during the 3rd quarter. HWG Holdings LP now owns 15,640 shares of the company’s stock valued at $4,884,000 after acquiring an additional 5,531 shares during the period. Clough Capital Partners L P boosted its holdings in GE Aerospace by 37.1% during the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock valued at $20,016,000 after acquiring an additional 19,105 shares during the period. Finally, GoalVest Advisory LLC boosted its holdings in GE Aerospace by 330.1% during the 3rd quarter. GoalVest Advisory LLC now owns 30,858 shares of the company’s stock valued at $9,637,000 after acquiring an additional 23,684 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Stock Performance

NYSE:GE opened at $330.56 on Friday. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. The firm has a market capitalization of $341.58 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.43. The business’s fifty day moving average price is $314.84 and its 200 day moving average price is $323.85.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. The company had revenue of $13.29 billion during 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%. GE Aerospace’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 earned $1.66 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Insider Buying and Selling at GE Aerospace

In related news, VP Robert Giglietti sold 14,796 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president owned 20,201 shares in the company, valued at $6,717,640.54. The trade was a 42.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GE. HC Wainwright set a $375.00 price target on shares of GE Aerospace in a research note on Wednesday, October 21st. Morgan Stanley reissued 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. UBS Group restated a “buy” rating and issued a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a report on Wednesday, October 21st. 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, October 15th. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $373.45.

Recent GE Aerospace Headlines

Investors following GE have been watching these headlines:

• Positive Sentiment: Commentary points to robust engine demand, defense contracts and higher earnings estimates, while GE is trading above its 50-day and 200-day moving averages. These factors may support the growth outlook, though the article does not report a new contract or forecast change. Article
• Positive Sentiment: The State Street Industrial Select Sector SPDR (XLI) added GE to its holdings, a modest potential source of fund demand. The report does not specify how much GE stock the fund purchased. Article
• Neutral Sentiment: Doncasters acquired a 50% stake in Montana Precision Products, becoming a 50/50 joint-venture partner with Unison Industries, a GE Aerospace company. MPP supplies components for GE engine platforms, so the ownership change could affect sourcing and production coordination; the reports disclose no financial terms or immediate operational impact. Article

GE Aerospace Company Profile

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.