17,172 GE Aerospace $GE Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in shares of GE Aerospace (NYSE:GE – Free Report) by 248.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,073 shares of the company’s stock after buying an additional 17,172 shares during the period. Simplicity Wealth LLC’s holdings in GE Aerospace were worth $7,518,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. GK Wealth Management LLC bought a new position in shares of GE Aerospace in the third quarter worth approximately $25,000. Clark Wealth Partners boosted its stake in shares of GE Aerospace by 70.1% in the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company’s stock worth $36,000 after buying an additional 47 shares during the last quarter. Paladin Partners LLC purchased a new position in GE Aerospace in the second quarter worth about $38,000. Parvin Asset Management LLC bought a new stake in shares of GE Aerospace during the 2nd quarter valued at about $41,000. Finally, Markowski Investments bought a new stake in shares of GE Aerospace during the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Susquehanna reduced their target price on shares of GE Aerospace from $430.00 to $400.00 and set a “positive” rating for the company in a report on Wednesday. Sanford C. Bernstein set a $376.00 target price on shares of GE Aerospace in a report on Friday. Vertical Research reiterated a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research note on Tuesday. Finally, HC Wainwright set a $375.00 price objective on GE Aerospace in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.52.

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GE Aerospace Trading Down 2.7%

GE stock opened at $285.76 on Friday. The firm has a fifty day moving average price of $322.95 and a 200 day moving average price of $328.74. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market cap of $295.29 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38.

GE Aerospace (NYSE:GE – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The firm had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. During the same period in the prior year, the company earned $1.66 EPS. The business’s revenue was up 24.7% compared to the same quarter last year. Sell-side analysts anticipate that GE Aerospace will post 8.15 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s payout ratio is presently 21.68%.

Key Headlines Impacting GE Aerospace

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

  • Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
  • Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE’s Defense & Propulsion Strength Seems Firm
  • Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
  • Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
  • Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
  • Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

GE Aerospace Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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