Fifth Third Bancorp decreased its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592,177 shares of the company’s stock after selling 15,982 shares during the quarter. Fifth Third Bancorp’s holdings in GE Aerospace were worth $184,931,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Endeavor Private Wealth Inc. lifted its position in shares of GE Aerospace by 8.1% during the 3rd quarter. Endeavor Private Wealth Inc. now owns 1,782 shares of the company’s stock worth $557,000 after buying an additional 133 shares during the last quarter. King Luther Capital Management Corp raised its stake in GE Aerospace by 15.9% during the 3rd quarter. King Luther Capital Management Corp now owns 18,641 shares of the company’s stock worth $5,821,000 after acquiring an additional 2,553 shares in the last quarter. Acorn Creek Capital LLC raised its stake in GE Aerospace by 11.1% during the 3rd quarter. Acorn Creek Capital LLC now owns 922 shares of the company’s stock worth $288,000 after acquiring an additional 92 shares in the last quarter. Smith Partners Wealth Management LLC lifted its position in GE Aerospace by 29.6% in the third quarter. Smith Partners Wealth Management LLC now owns 1,051 shares of the company’s stock valued at $328,000 after acquiring an additional 240 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in GE Aerospace by 13.6% in the third quarter. Maryland State Retirement & Pension System now owns 63,218 shares of the company’s stock valued at $19,742,000 after acquiring an additional 7,566 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at GE Aerospace
In other GE Aerospace news, VP Robert Giglietti sold 14,796 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $332.54, for a total transaction of $4,920,261.84. Following the transaction, the vice president directly owned 20,201 shares of the company’s stock, valued at approximately $6,717,640.54. This trade represents a 42.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.
Analyst Ratings Changes
Several research firms have issued reports on GE. Guggenheim set a $380.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $425.00 price objective on shares of GE Aerospace in a report on Sunday, October 25th. Vertical Research reiterated a “buy” rating and set a $400.00 target price on shares of GE Aerospace in a research report on Tuesday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, October 15th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $373.45.
View Our Latest Analysis on GE
GE Aerospace News Summary
These are some of the GE news items that stood out recently:
- Positive Sentiment: GE Aerospace’s Defense & Propulsion segment is benefiting from robust demand, rising orders and key defense contracts, supporting a low-double-digit growth outlook for 2026. GE Gains From Strength in Defense & Propulsion: Will the Momentum Last?
- Positive Sentiment: Industry production ramps and the large installed base of engines give GE opportunities to earn revenue beyond new aircraft sales, including ongoing support and services. How These 5 Aerospace Stocks Earn Money Beyond New Plane Sales
- Positive Sentiment: TipRanks highlighted GE among three mega-cap companies with a “Perfect 10” Smart Score, a favorable signal from that platform’s rating system, though not a company-specific earnings catalyst. 3 Mega-Cap Stocks with a Perfect 10 Smart Score
GE Aerospace Price Performance
GE stock opened at $342.28 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $353.69 billion, a P/E ratio of 39.48, a PEG ratio of 2.30 and a beta of 1.43. The business has a 50 day simple moving average of $314.82 and a 200-day simple moving average of $323.67. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84.
GE Aerospace (NYSE:GE – Get Free Report) last announced its earnings results 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 net margin of 17.31% and a return on equity of 44.43%. The business had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. During the same period in the previous year, the company posted $1.66 EPS. The company’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, equities analysts anticipate that GE Aerospace will post 8.16 EPS for the current year.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 21.68%.
About GE Aerospace
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.
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