State of Wyoming Acquires 2,347 Shares of GE Aerospace $GE

State of Wyoming lifted its holdings in GE Aerospace (NYSE:GE) by 252.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,278 shares of the company’s stock after purchasing an additional 2,347 shares during the quarter. State of Wyoming’s holdings in GE Aerospace were worth $1,024,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. GK Wealth Management LLC bought a new stake in shares of GE Aerospace during the third 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. Parvin Asset Management LLC bought a new position in GE Aerospace in the 2nd quarter valued at about $41,000. Clark Wealth Partners grew its position in GE Aerospace by 70.1% in the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company’s stock valued at $36,000 after buying an additional 47 shares in the last quarter. Finally, Markowski Investments acquired a new position in GE Aerospace during the 2nd quarter valued at about $46,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a $425.00 target price on shares of GE Aerospace in a research note on Sunday, October 25th. BNP Paribas Exane lowered their price objective on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 21st. Wells Fargo & Company dropped their target price on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. UBS Group restated a “buy” rating and issued a $380.00 target price (up from $377.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Finally, Guggenheim set a $380.00 price objective on GE Aerospace in a research note on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $373.45.

GE Aerospace News Summary

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

• Positive Sentiment: GE approved NYCO’s French turbine oil for Boeing 787 GEnx-1B engines following Air France trials. The approval could support engine reliability and broaden GE’s aftermarket and maintenance opportunities. GE approves French turbine oil for Boeing 787 after Air France trials
• Positive Sentiment: A next-generation aircraft test flight over GE Aerospace’s Niskayuna, New York, research center highlights the company’s involvement in future aircraft and propulsion technologies. While not an immediate earnings catalyst, the activity reinforces GE’s long-term innovation pipeline. Future generation of planes test flight
• Positive Sentiment: GE’s engine and services businesses continue to benefit from commercial aviation demand, with analysts still recognizing the strength of its aftermarket franchise despite more cautious expectations. Is GE Aerospace Stock Worth More Than Its Competitors?

GE Aerospace Stock Performance

NYSE:GE opened at $301.58 on Friday. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. 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 50-day moving average of $317.37 and a 200-day moving average of $323.12. The firm has a market cap of $311.64 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 24.7% compared to the same quarter last year. Analysts forecast that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 21.68%.

About GE Aerospace

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.