Farther Finance Advisors LLC lifted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,115 shares of the company’s stock after purchasing an additional 6,057 shares during the quarter. Farther Finance Advisors LLC’s holdings in GE Aerospace were worth $13,464,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in GE. State Street Corp raised its stake in GE Aerospace by 2.6% in the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after acquiring an additional 1,160,584 shares during the period. Jennison Associates LLC boosted its position in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after purchasing an additional 3,017,937 shares during the period. Invesco Ltd. boosted its position in GE Aerospace by 2.1% during the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock worth $2,858,604,000 after purchasing an additional 189,979 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of GE Aerospace by 6.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company’s stock valued at $2,710,142,000 after purchasing an additional 427,820 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of GE Aerospace by 97.3% in the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock valued at $2,540,592,000 after purchasing an additional 3,352,432 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.
GE Aerospace Trading Up 0.7%
Shares of GE stock opened at $305.85 on Friday. 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 has a market cap of $317.33 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The stock has a 50 day simple moving average of $337.31 and a 200 day simple moving average of $327.64. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84.
GE Aerospace Announces Dividend
The business also recently announced 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. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio is 22.14%.
Insider Activity at GE Aerospace
In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on GE shares. The Goldman Sachs Group restated a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. TD Cowen reiterated a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Susquehanna reiterated a “positive” rating and issued a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Wednesday, September 9th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $386.67.
View Our Latest Stock Report on GE
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace delivered four additional F404 engines for India’s Tejas LCA Mk-1A fighter jets in September, keeping its plan to deliver 20 engines on schedule. The deliveries support near-term revenue visibility and the company’s position in India’s defense supply chain. GE Aerospace ships four more F404 engines for Tejas
- Positive Sentiment: GE Aerospace declared a $0.47-per-share dividend, reinforcing shareholder returns and signaling continued confidence in cash generation. GE Aerospace declares dividend
- Neutral Sentiment: The GE Aerospace Foundation is investing $1 million in Alabama aerospace workforce training. The initiative may strengthen the company’s long-term labor pipeline, but it is unlikely to materially affect near-term earnings. GE Aerospace Foundation workforce investment
- Neutral Sentiment: Analysts are comparing GE Aerospace with General Dynamics as a potential value investment. The coverage could attract interest, but it does not represent a new company-specific catalyst. GD or GE: Which is the better value stock
- Negative Sentiment: GE Aerospace stock has entered bear-market territory, with selling pressure driven by concerns that its valuation remains elevated. A potential “death cross,” in which the 50-day moving average falls below the 200-day average, could further weaken technical sentiment. GE Aerospace stock bear-market analysis
- Negative Sentiment: A competition regulator referred allegations involving restrictions on parts and technical information for medical-imaging equipment servicing to a tribunal. Because medical imaging is no longer part of GE Aerospace, the direct financial impact on GE is likely limited, but the regulatory headline may create broader reputational uncertainty. GE faces competition tribunal referral
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.
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