GE Aerospace $GE Stock Purchased by XXI Wealth LLC

XXI Wealth LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 107.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,539 shares of the company’s stock after purchasing an additional 1,834 shares during the period. XXI Wealth LLC’s holdings in GE Aerospace were worth $1,105,000 as of its most recent SEC filing.

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

GE Aerospace News Roundup

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

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE’s Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

GE Aerospace Stock Down 2.7%

GE Aerospace stock traded down $7.78 during trading hours on Friday, hitting $285.76. The stock had a trading volume of 6,516,776 shares, compared to its average volume of 4,629,010. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $295.29 billion, a P/E ratio of 32.96, a price-to-earnings-growth 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 stock’s 50-day moving average price is $322.95 and its 200-day moving average price is $328.74.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) 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 firm had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business’s revenue was up 24.7% on a year-over-year basis. Equities research analysts anticipate that GE Aerospace will post 8.15 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, October 5th. GE Aerospace’s payout ratio is presently 22.14%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “buy” rating and issued a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. TD Cowen reissued a “buy” rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research report on Monday, July 13th. Sanford C. Bernstein set a $376.00 price objective on shares of GE Aerospace in a research note on Friday. Melius Research set a $350.00 target price on shares of GE Aerospace and gave the company a “hold” rating in a research note on Monday, September 14th. Finally, Susquehanna decreased their target price on shares of GE Aerospace from $430.00 to $400.00 and set a “positive” rating for the company in a research note on Wednesday. Seventeen equities 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $373.52.

About GE Aerospace

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.