2,168 GE Aerospace $GE Shares Purchased by West Wealth Group LLC

West Wealth Group LLC raised its stake in shares of GE Aerospace (NYSE:GE) by 222.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,141 shares of the company’s stock after acquiring an additional 2,168 shares during the period. West Wealth Group LLC’s holdings in GE Aerospace were worth $981,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GE. First Pacific Financial raised its position in GE Aerospace by 96.2% in the third quarter. First Pacific Financial now owns 306 shares of the company’s stock worth $96,000 after acquiring an additional 150 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in GE Aerospace by 85.9% in the third quarter. Fortitude Family Office LLC now owns 974 shares of the company’s stock valued at $304,000 after acquiring an additional 450 shares during the period. Weil Company Inc. lifted its holdings in GE Aerospace by 6.2% in the third quarter. Weil Company Inc. now owns 1,081 shares of the company’s stock valued at $337,000 after acquiring an additional 63 shares during the period. Orca Wealth Management LLC lifted its holdings in GE Aerospace by 14.3% in the third quarter. Orca Wealth Management LLC now owns 662 shares of the company’s stock valued at $207,000 after acquiring an additional 83 shares during the period. Finally, Sanders Morris Harris LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth $2,681,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GE. Weiss Ratings raised shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Wednesday, September 9th. Citigroup reiterated a “buy” rating and issued a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. UBS Group boosted their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $386.67.

GE Aerospace Stock Down 0.3%

GE Aerospace stock opened at $306.63 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market capitalization of $318.15 billion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.25 and a beta of 1.38. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The stock’s fifty day moving average is $332.15 and its two-hundred day moving average is $328.11.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.66 earnings per share. Analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be given a $0.47 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s payout ratio is currently 22.14%.

Key Stories Impacting GE Aerospace

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

• Positive Sentiment: GE Aerospace secured up to £33 million in UK government funding, alongside approximately £27 million from the company, to expand and modernize its Prestwick, Scotland, jet-engine maintenance facility. The project is expected to protect 850 jobs and create 150 more, supporting GE’s long-term aftermarket and maintenance operations. General Electric Wins UK Backing To Expand Prestwick Jet Engine Jobs
• Positive Sentiment: GE plans to increase supply-chain spending in India to $400 million by 2030 and source more components locally. The investment could improve manufacturing flexibility and deepen GE’s presence in a major aerospace-growth market. GE Aerospace to Boost India Supply Chain Spending
• Positive Sentiment: Susquehanna maintained its Buy rating and $430 price target, indicating continued confidence in GE Aerospace’s earnings outlook and valuation despite recent share-price weakness. Susquehanna Keeps Buy Rating
• Neutral Sentiment: GE Aerospace’s chief executive is scheduled to meet the U.S. transportation secretary, along with Boeing’s CEO, to discuss aircraft-certification reform. Faster or more predictable certification could benefit aerospace manufacturers, but the immediate financial impact is uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: GE Aerospace will report third-quarter results before the market opens on October 20. The announcement is likely to be the next major catalyst, with investors focused on orders, aftermarket demand, margins and full-year guidance. GE Aerospace Earnings Are Imminent
• Negative Sentiment: Deutsche Bank lowered its GE Aerospace price target to $377 from $450. Although the revised target remains above the recent trading level, the reduction signals more cautious expectations and may weigh on sentiment. Deutsche Bank Adjusts Price Target
• Negative Sentiment: Investor scrutiny remains high after GE agreed to acquire Consolidated Precision Products for $11.75 billion. The deal could strengthen GE’s control over critical castings, but its large cost raises questions about valuation, integration and whether the acquisition can justify GE’s premium multiple. GE Aerospace and the $11.75 Billion Foundry Deal

GE Aerospace 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.