Inspire Investing LLC Buys 56,003 Shares of GE Aerospace $GE

Inspire Investing LLC raised its stake in GE Aerospace (NYSE:GE) by 373,353.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,018 shares of the company’s stock after buying an additional 56,003 shares during the quarter. GE Aerospace comprises about 0.7% of Inspire Investing LLC’s portfolio, making the stock its 16th biggest holding. Inspire Investing LLC’s holdings in GE Aerospace were worth $17,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GE. XXI Wealth LLC raised its position in GE Aerospace by 107.6% in the third quarter. XXI Wealth LLC now owns 3,539 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,834 shares during the period. MBL Wealth LLC boosted its position in shares of GE Aerospace by 19.4% during the third quarter. MBL Wealth LLC now owns 5,746 shares of the company’s stock worth $1,795,000 after buying an additional 935 shares during the period. Curry Webb Wealth Management LLC purchased a new position in shares of GE Aerospace during the third quarter worth $144,000. Virtue Asset Management LLC grew its stake in shares of GE Aerospace by 12.4% in the third quarter. Virtue Asset Management LLC now owns 926 shares of the company’s stock valued at $289,000 after buying an additional 102 shares in the last quarter. Finally, NBT Bank N.A. acquired a new stake in shares of GE Aerospace in the third quarter valued at $3,801,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Key Headlines Impacting GE Aerospace

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%

Shares of NYSE GE opened at $285.76 on Friday. The business has a 50-day moving average of $322.95 and a two-hundred day moving average of $328.74. The company has a market capitalization of $295.29 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. 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 0.67.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The business had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 EPS. On average, analysts forecast that GE Aerospace will post 8.15 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna decreased their target price on GE Aerospace from $430.00 to $400.00 and set a “positive” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their target price on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Sanford C. Bernstein set a $376.00 price target on shares of GE Aerospace in a research note on Friday. Melius Research set a $350.00 price target on shares of GE Aerospace and gave the stock a “hold” rating in a research report on Monday, September 14th. Finally, TD Cowen restated a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $373.52.

GE Aerospace Company Profile

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.