2,422 GE Aerospace $GE Shares Purchased by Investment Partners LTD.

by · The Markets Daily

Investment Partners LTD. increased its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 140.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,146 shares of the company’s stock after buying an additional 2,422 shares during the period. Investment Partners LTD.’s holdings in GE Aerospace were worth $1,295,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Fin Capital Inc. increased its holdings in shares of GE Aerospace by 15.8% during the third quarter. Blue Fin Capital Inc. now owns 2,889 shares of the company’s stock worth $902,000 after buying an additional 395 shares in the last quarter. Global Assets Advisory LLC boosted its position in shares of GE Aerospace by 0.7% during the 3rd quarter. Global Assets Advisory LLC now owns 9,503 shares of the company’s stock worth $2,916,000 after purchasing an additional 66 shares in the last quarter. Summit Global Investments lifted its holdings in shares of GE Aerospace by 94.5% in the 3rd quarter. Summit Global Investments now owns 5,645 shares of the company’s stock worth $1,763,000 after purchasing an additional 2,743 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of GE Aerospace by 2.2% in the 3rd quarter. MGO One Seven LLC now owns 32,311 shares of the company’s stock worth $10,091,000 after acquiring an additional 691 shares during the last quarter. Finally, Greatmark Investment Partners Inc. boosted its position in shares of GE Aerospace by 4.4% during the third quarter. Greatmark Investment Partners Inc. now owns 3,313 shares of the company’s stock valued at $1,035,000 after buying an additional 141 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Key GE Aerospace News

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

  • Positive Sentiment: GE approved NYCO’s French turbine oil for Boeing 787 GEnx-1B engines following Air France trials. The approval could support engine reliability and broaden GE’s aftermarket and maintenance opportunities. GE approves French turbine oil for Boeing 787 after Air France trials
  • Positive Sentiment: A next-generation aircraft test flight over GE Aerospace’s Niskayuna, New York, research center highlights the company’s involvement in future aircraft and propulsion technologies. While not an immediate earnings catalyst, the activity reinforces GE’s long-term innovation pipeline. Future generation of planes test flight
  • Positive Sentiment: GE’s engine and services businesses continue to benefit from commercial aviation demand, with analysts still recognizing the strength of its aftermarket franchise despite more cautious expectations. Is GE Aerospace Stock Worth More Than Its Competitors?

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GE. Vertical Research restated a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research note on Tuesday, October 20th. Royal Bank Of Canada set a $376.00 price objective on GE Aerospace in a research note on Friday, October 23rd. Sanford C. Bernstein set a $376.00 price objective on GE Aerospace in a report on Friday, October 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $425.00 price target on shares of GE Aerospace in a report on Sunday, October 25th. Finally, HC Wainwright set a $375.00 target price on shares of GE Aerospace in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.45.

Check Out Our Latest Analysis on GE Aerospace

GE Aerospace Price Performance

GE opened at $301.58 on Friday. The business has a fifty day moving average of $317.37 and a 200 day moving average of $323.12. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The stock has a market cap of $311.64 billion, a P/E ratio of 34.78, a PEG ratio of 2.05 and a beta of 1.38.

GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion during the quarter, compared to analysts’ expectations of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 8.16 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 5th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s dividend payout ratio is presently 21.68%.

About GE Aerospace

(Free Report)

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.

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