Fulcrum Wealth Advisors LLC grew its stake in GE Aerospace (NYSE:GE – Free Report) by 18.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,929 shares of the company’s stock after acquiring an additional 1,677 shares during the quarter. GE Aerospace makes up approximately 2.3% of Fulcrum Wealth Advisors LLC’s holdings, making the stock its 13th biggest holding. Fulcrum Wealth Advisors LLC’s holdings in GE Aerospace were worth $3,413,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Auto Owners Insurance Co increased its stake in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after buying an additional 65,595,733 shares in the last quarter. Amundi lifted its position in GE Aerospace by 135.2% during the 1st quarter. Amundi now owns 6,119,975 shares of the company’s stock worth $1,736,665,000 after buying an additional 3,518,278 shares in the last quarter. Jupiter Topco LLC acquired a new position in GE Aerospace during the 2nd quarter worth about $1,283,858,000. Wellington Management Group LLP grew its holdings in GE Aerospace by 97.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock worth $2,540,592,000 after acquiring an additional 3,352,432 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in GE Aerospace by 37.7% during the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after acquiring an additional 3,017,937 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Key Stories Impacting GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Turkish Airlines and CFM International signed a memorandum covering more than 600 LEAP-1B engines, including 300 engines for up to 150 Boeing 737 MAX aircraft, long-term services and material support for a future maintenance facility. The agreement reinforces GE’s long-term engine and aftermarket opportunity. Turkish Airlines and CFM sign MOU for more than 600 LEAP-1B engines
- Positive Sentiment: Bernstein reiterated a Buy rating and its $421 price target, citing resilient aftermarket demand and continued LEAP engine growth. GE Aerospace analyst rating and price target
- Positive Sentiment: Analysts expect third-quarter results to reflect solid commercial and defense demand, with growth potentially supported by GE’s large installed engine base and service revenue. How to Approach GE Aerospace Stock Ahead of Its Q3 Earnings Release?
- Positive Sentiment: GE awarded a $16 million defense-related fighter-jet generator repair order to its Vandalia, Ohio, operation, providing a modest boost to defense backlog and facility utilization.
- Neutral Sentiment: Morgan Stanley said aerospace and defense demand remains intact despite softer investor sentiment across the sector, suggesting fundamentals are holding up even as market enthusiasm cools. Aerospace, Defense Stocks’ Demand Intact Despite Softer Sentiment
- Neutral Sentiment: GE’s foundation plans to invest $1 million in Dallas-Fort Worth aviation workforce training, while the company is also pursuing international sourcing and facility investments. These initiatives may support long-term capacity but have limited near-term earnings impact.
- Negative Sentiment: The options market is positioned for GE shares to decline following the earnings release, signaling caution ahead of a potentially volatile report. Ahead of GE Aerospace Earnings, Here’s What Barchart Data Says Comes Next for GE Stock
- Negative Sentiment: Although growth expectations are favorable, GE trades at a premium valuation and faces rising costs. Any earnings miss, cautious guidance or margin pressure could prompt profit-taking.
GE Aerospace Trading Up 0.6%
GE stock opened at $313.79 on Friday. The company has a market cap of $325.58 billion, a P/E ratio of 36.96, a PEG ratio of 2.29 and a beta of 1.38. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $329.77 and a 200-day moving average of $328.21.
GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion for 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 revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 earnings per share. As a group, equities research analysts expect that GE Aerospace will post 7.91 EPS for the current year.
GE Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.
Wall Street Analyst Weigh In
GE has been the subject of several research reports. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $450.00 price target on shares of GE Aerospace in a research note on Monday, July 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group set a $435.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, September 23rd. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.67.
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.
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