GE Aerospace $GE Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in shares of GE Aerospace (NYSE:GE) by 5.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 48,062 shares of the company’s stock after selling 2,650 shares during the quarter. D.A. Davidson & CO.’s holdings in GE Aerospace were worth $15,009,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GE. Burkett Financial Services LLC raised its position in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its stake in shares of GE Aerospace by 3.2% in the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after acquiring an additional 30 shares during the period. Gradient Investments LLC lifted its stake in shares of GE Aerospace by 4.4% in the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after acquiring an additional 32 shares during the period. Kinloch Capital LLC boosted its holdings in GE Aerospace by 3.1% in the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after acquiring an additional 32 shares during the last quarter. Finally, United Community Bank boosted its holdings in GE Aerospace by 10.1% in the second quarter. United Community Bank now owns 361 shares of the company’s stock valued at $135,000 after acquiring an additional 33 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a report on Wednesday, October 21st. Sanford C. Bernstein set a $376.00 price objective on shares of GE Aerospace in a research note on Friday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, October 15th. Royal Bank Of Canada set a $376.00 price objective on shares of GE Aerospace in a research report on Friday, October 23rd. Finally, Melius Research set a $350.00 target price on shares of GE Aerospace and gave the stock a “hold” rating in a research note on Monday, September 14th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $373.45.

GE Aerospace Stock Up 4.0%

Shares of NYSE:GE opened at $313.28 on Friday. GE Aerospace has a 1 year low of $268.91 and a 1 year 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 business’s 50-day moving average is $318.25 and its 200-day moving average is $323.24. The company has a market capitalization of $323.73 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.05 and a beta of 1.38.

GE Aerospace (NYSE:GE) last released its 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. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The business had revenue of $13.29 billion during the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis. Equities research analysts predict that GE Aerospace will post 8.16 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 5th were issued 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 was Monday, October 5th. GE Aerospace’s dividend payout ratio is presently 21.68%.

GE Aerospace News Roundup

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

• Positive Sentiment: GE’s approval of a French turbine oil for Boeing 787 aircraft, following successful Air France trials, could support product adoption and strengthen its relationship with a major commercial-aircraft platform. GE approves NYCO oil for Boeing 787
• Positive Sentiment: The company continues investing to expand manufacturing and maintenance, repair and overhaul capacity. Although the spending is pressuring margins near term, it is intended to increase production and capture longer-term engine-services demand. GE also recently reported quarterly revenue and earnings above analyst expectations, with revenue growth accelerating year over year. GE Aerospace costs rise in Q3
• Neutral Sentiment: New rare-earth regulations could affect aerospace supply chains and sourcing costs, but the available report does not indicate a specific material impact on GE’s earnings. Rare earth rules and GE Aerospace
• Neutral Sentiment: GE attracted approximately $17.2 million in net ETF purchases, providing a modest technical demand signal, while investor attention and upcoming-event coverage may increase trading interest without changing the company’s fundamentals. GE ETF buying
• Negative Sentiment: Inflation, higher operating expenses and an unfavorable product mix are weighing on profit margins. The investment cycle could keep margin pressure elevated before capacity benefits appear. GE Aerospace margin pressure
• Negative Sentiment: One valuation estimate was reduced from $391.19 to $378.43 as analysts became more cautious about the durability of aftermarket strength. Separately, Honeywell’s supply constraints and weak parts availability highlight industrywide risks that could limit aerospace growth and deliveries. GE fair value estimate trimmed

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.