GE Aerospace $GE Stock: Americana Partners LLC Decreases Position

Americana Partners LLC decreased its position in GE Aerospace (NYSE:GE) by 14.4% during the 3rd quarter, Holdings Channel reports. The firm owned 106,311 shares of the company’s stock after selling 17,922 shares during the quarter. Americana Partners LLC’s holdings in GE Aerospace were worth $33,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GK Wealth Management LLC acquired a new stake in GE Aerospace in the 3rd quarter valued at about $25,000. Paladin Partners LLC purchased a new position in GE Aerospace during the 2nd quarter valued at about $38,000. Parvin Asset Management LLC acquired a new position in GE Aerospace during the second quarter worth about $41,000. Clark Wealth Partners raised its position in GE Aerospace by 70.1% during the third quarter. Clark Wealth Partners now owns 114 shares of the company’s stock worth $36,000 after acquiring an additional 47 shares during the last quarter. Finally, Markowski Investments purchased a new stake in shares of GE Aerospace in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BNP Paribas Exane lowered their price target on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 21st. HC Wainwright set a $375.00 target price on GE Aerospace in a research note on Wednesday, October 21st. Vertical Research reiterated a “buy” rating and set a $400.00 target price on shares of GE Aerospace in a report on Tuesday, October 20th. Morgan Stanley reissued an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Finally, Susquehanna cut their price target on GE Aerospace from $430.00 to $400.00 and set a “positive” rating for the company in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $373.45.

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?

GE Aerospace Stock Performance

GE Aerospace stock opened at $301.58 on Friday. The stock has a fifty day moving average price of $317.37 and a 200 day moving average price of $323.12. GE Aerospace has a 52 week low of $268.91 and a 52 week high of $388.84. The firm has a market capitalization of $311.64 billion, a P/E ratio of 34.78, a PEG ratio of 2.13 and a beta of 1.38. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion for the quarter, compared to analyst estimates 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 last year, the company earned $1.66 EPS. Equities research analysts anticipate that GE Aerospace will post 8.16 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

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.