GE Aerospace $GE Holdings Trimmed by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its stake in shares of GE Aerospace (NYSE:GE) by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285,448 shares of the company’s stock after selling 61,555 shares during the period. GE Aerospace accounts for 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 27th biggest holding. Douglas Lane & Associates LLC’s holdings in GE Aerospace were worth $89,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GE. Burkett Financial Services LLC increased its stake in GE Aerospace by 28.9% in the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its position in GE Aerospace by 3.2% during the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock valued at $359,000 after purchasing an additional 30 shares during the last quarter. Gradient Investments LLC grew its position in GE Aerospace by 4.4% in the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after acquiring an additional 32 shares in the last quarter. Kinloch Capital LLC increased its position in shares of GE Aerospace by 3.1% during the 2nd quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after purchasing an additional 32 shares during the last quarter. Finally, Saxon Interests Inc. raised its stake in shares of GE Aerospace by 2.5% during the fourth quarter. Saxon Interests Inc. now owns 1,351 shares of the company’s stock worth $416,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

More GE Aerospace News

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

• Positive Sentiment: New engine-program milestone: GE Aerospace highlighted progress on the GEK800 turbofan program with Kratos, supporting the company’s defense and propulsion growth opportunities. GE Aerospace Highlights GEK800 Turbofan Program Milestone with Kratos
• Positive Sentiment: Long-term capacity investment: The company plans to spend $225 million modernizing its research center, a move that could improve technology development and support future aerospace programs. GE Aerospace is investing $225M to modernize research center
• Positive Sentiment: Analyst and institutional support: Susquehanna maintained its Buy rating, while Congress Asset Management purchased 7,007 shares. These actions provide modest evidence of continued confidence in GE’s long-term prospects. Susquehanna Sticks to Its Buy Rating for GE Aerospace
• Positive Sentiment: International defense demand: GE shipped four additional F404 engines for India’s Tejas fighter jets, reinforcing its defense backlog and international customer relationships. GE Aerospace ships 4 more engines for Tejas jets
• Neutral Sentiment: A $1 million GE Aerospace Foundation workforce-training investment in Alabama supports the company’s future labor pipeline but is unlikely to materially affect near-term earnings. Workforce training efforts receive $1 million boost from GE Aerospace Foundation
• Negative Sentiment: Aftermarket weakness and valuation pressure: Mar Vista Investment Partners said a broad commercial aerospace aftermarket sell-off weighed on GE. With GE trading at a relatively elevated P/E ratio near 36, investors appear less willing to pay a premium amid macroeconomic pressures and rising rates. Broad Commercial Aerospace Aftermarket Sell-Off Weighs on GE Aerospace
• Negative Sentiment: Bearish technical setup: Analysts describe GE as being in a bear market and nearing a “death cross,” with continued selling potentially signaling further downside before earnings. GE Aerospace stock is stuck in a bear market as a death cross nears
• Negative Sentiment: GE also faces a competition-tribunal referral over alleged restrictions on independent servicing of medical-imaging equipment. Although the matter concerns a non-aerospace business, it adds regulatory and reputational risk associated with the broader GE corporate name. General Electric Is Facing A Competition Tribunal Referral

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 30th. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Melius Research set a $350.00 target price on shares of GE Aerospace and gave the stock a “hold” rating in a report on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $450.00 price target on shares of GE Aerospace in a research report on Monday, July 27th. Sixteen 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. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $386.67.

GE Aerospace Stock Up 0.4%

Shares of GE Aerospace stock traded up $1.18 during trading on Friday, hitting $306.80. 1,231,987 shares of the stock traded hands, compared to its average volume of 5,102,021. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The stock’s fifty day simple moving average is $337.31 and its 200 day simple moving average is $327.64. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The firm has a market cap of $318.32 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts predict that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

GE Aerospace Company Profile

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.