GE Aerospace $GE Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of GE Aerospace (NYSE:GE) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 953,536 shares of the company’s stock after buying an additional 103,201 shares during the period. Russell Investments Group Ltd.’s holdings in GE Aerospace were worth $297,971,000 as of its most recent SEC filing.

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

GE Aerospace News Roundup

These are some of the GE news items that stood out recently:

• Positive Sentiment: Commentary points to robust engine demand, defense contracts and higher earnings estimates, while GE is trading above its 50-day and 200-day moving averages. These factors may support the growth outlook, though the article does not report a new contract or forecast change. Article
• Positive Sentiment: The State Street Industrial Select Sector SPDR (XLI) added GE to its holdings, a modest potential source of fund demand. The report does not specify how much GE stock the fund purchased. Article
• Neutral Sentiment: Doncasters acquired a 50% stake in Montana Precision Products, becoming a 50/50 joint-venture partner with Unison Industries, a GE Aerospace company. MPP supplies components for GE engine platforms, so the ownership change could affect sourcing and production coordination; the reports disclose no financial terms or immediate operational impact. Article

GE Aerospace Stock Performance

GE opened at $330.56 on Friday. The company has a market cap of $341.58 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.43. The stock has a 50-day moving average of $314.84 and a 200-day moving average of $323.85. 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 0.68 and a current ratio of 0.98.

GE Aerospace (NYSE:GE) last issued 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. 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 for the quarter, compared to analyst estimates of $12.88 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities research analysts forecast that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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 dividend of $0.47 per share. 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%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert Giglietti sold 14,796 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $332.54, for a total transaction of $4,920,261.84. Following the transaction, the vice president owned 20,201 shares in the company, valued at $6,717,640.54. This trade represents a 42.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Melius Research set a $350.00 price objective on shares of GE Aerospace and gave the company a “hold” rating in a research report on Monday, September 14th. Jefferies Financial Group reissued a “buy” rating and issued a $425.00 target price on shares of GE Aerospace in a research report on Sunday, October 25th. The Goldman Sachs Group restated a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of GE Aerospace from $400.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. 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, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $373.45.

GE Aerospace Profile

GE Aerospace (NYSE: GE) designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations. The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.