GE Aerospace $GE Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its stake in shares of GE Aerospace (NYSE:GE) by 120.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,614 shares of the company’s stock after buying an additional 14,521 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in GE Aerospace were worth $8,311,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. GK Wealth Management LLC acquired a new position in GE Aerospace in the 3rd quarter valued at about $25,000. Paladin Partners LLC bought a new position in GE Aerospace in the 2nd quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new position in GE Aerospace in the 4th quarter valued at about $40,000. Parvin Asset Management LLC bought a new position in GE Aerospace in the 2nd quarter valued at about $41,000. Finally, Bayban acquired a new stake in GE Aerospace during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.2%

NYSE GE opened at $308.12 on Wednesday. The company has a market cap of $319.69 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.25 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 current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $333.64 and a 200-day moving average of $327.96.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities research analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Activity

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company’s stock.

Key GE Aerospace News

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

• Positive Sentiment: Susquehanna maintained a Buy rating and a $430 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in GE Aerospace’s commercial-engine franchise and earnings growth outlook. Susquehanna keeps Buy rating for GE Aerospace stock at USD 430.00 target
• Positive Sentiment: GE Aerospace secured up to £33 million in government funding, alongside approximately £27 million of company investment, to expand its Prestwick, Scotland, maintenance facility. The project is expected to protect 850 jobs and create 150 more, strengthening GE’s aftermarket and engine-maintenance footprint. General Electric wins UK backing to expand Prestwick jet engine jobs
• Positive Sentiment: The company plans to increase India supply-chain spending to roughly $400 million by 2030. Management expects stronger aircraft demand and greater local sourcing to support long-term production capacity and regional growth. GE Aerospace to boost India supply chain spending to $400 million by 2030
• Positive Sentiment: A memorandum with Shield AI and Poland’s WZL-2 could expand GE’s defense-engine maintenance opportunities, including support for autonomous fighter aircraft and F110 engines. GE Aerospace, Shield AI, and Poland’s WZL-2 sign MOU
• Neutral Sentiment: GE Aerospace is scheduled to report third-quarter earnings before the market opens on October 20. The release is the next major catalyst, with investors focused on orders, commercial-engine demand, aftermarket activity, margins and full-year guidance. GE Aerospace earnings are imminent
• Negative Sentiment: Deutsche Bank lowered its price target to $377 from $450. Although the revised target remains above recent prices, the reduction signals more cautious valuation expectations and weighs on sentiment. Deutsche Bank adjusts price target on GE Aerospace
• Negative Sentiment: Investors are also assessing GE’s planned $11.75 billion acquisition of Consolidated Precision Products. The deal could improve supply-chain control and support growth, but its size raises questions about integration, execution and whether the purchase can justify GE’s premium valuation.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Melius Research set a $350.00 price objective on GE Aerospace and gave the stock a “hold” rating in a report on Monday, September 14th. JPMorgan Chase & Co. upped their target price on GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Citigroup reiterated a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Jefferies Financial Group set a $435.00 price target on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Finally, UBS Group lifted their price target on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.67.

GE Aerospace 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.