2,678 GE Aerospace $GE Shares Sold by Formuepleje A S

Formuepleje A S lessened its stake in GE Aerospace (NYSE:GE) by 34.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,025 shares of the company’s stock after selling 2,678 shares during the period. Formuepleje A S’s holdings in GE Aerospace were worth $1,569,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Auto Owners Insurance Co boosted its holdings in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares in the last quarter. State Street Corp increased its stake in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after acquiring an additional 1,160,584 shares during the period. Jennison Associates LLC raised its holdings in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after purchasing an additional 3,017,937 shares in the last quarter. Invesco Ltd. raised its holdings in GE Aerospace by 2.1% during the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock worth $2,858,604,000 after purchasing an additional 189,979 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in GE Aerospace by 10.0% during the first quarter. Bank of America Corp DE now owns 7,664,679 shares of the company’s stock worth $2,175,006,000 after purchasing an additional 695,731 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. boosted their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a report on Wednesday, September 9th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.67.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $2.60 during trading hours on Thursday, hitting $309.62. 1,187,876 shares of the company’s stock traded hands, compared to its average volume of 5,065,144. GE Aerospace has a 52 week low of $268.91 and a 52 week high of $388.84. 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 company’s fifty day simple moving average is $332.15 and its two-hundred day simple moving average is $328.11. The company has a market cap of $321.25 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.38.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 21.1% compared to the same quarter last year. As a group, equities analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

GE Aerospace News Roundup

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

• Positive Sentiment: Analysts and market commentators expect GE Aerospace to deliver solid third-quarter results, supporting renewed interest in the stock ahead of earnings. Investors are focused on revenue, profitability, orders and other operating metrics that could reinforce the company’s growth outlook. Why It’s Time To Load Up on GE Aerospace Stock GE Q3 Earnings on the Horizon
• Positive Sentiment: GE’s expansion plans are receiving government support. The company is investing roughly £27 million alongside up to £33 million in U.K. public funding to expand its Prestwick facility, protect about 850 jobs and create 150 more. The site supports engines used on Boeing 787 aircraft, strengthening GE’s long-term aftermarket business. GE Aerospace to invest in Prestwick expansion
• Positive Sentiment: GE Aerospace also plans to commit $400 million to sourcing and manufacturing activity in India, while a separate foundation initiative will invest $1 million in workforce training in the Dallas-Fort Worth area. These projects support capacity, talent development and regional government relationships. GE Aerospace commits $400 million to India sourcing
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported average price target of $386.67 and Susquehanna maintaining a Buy rating with a $430 target. However, GE is also one of the market’s most-watched stocks, which may increase short-term volatility around earnings. GE Aerospace average target price
• Neutral Sentiment: GE’s chief executive is participating in discussions with U.S. officials on aircraft-certification reform. Faster certification could benefit aerospace manufacturers over time, but the immediate financial impact is unclear. Aircraft certification reform discussions
• Negative Sentiment: Deutsche Bank cut its GE Aerospace price target to $377 from $450, signaling reduced upside expectations even though the stock remains above that revised target. GE’s planned $11.75 billion acquisition of Consolidated Precision Products also raises execution and valuation risks, particularly with the stock trading at a premium earnings multiple. Deutsche Bank adjusts GE Aerospace price target

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

About GE Aerospace

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.