Investment Partners LTD. Buys 2,422 Shares of GE Aerospace $GE

Investment Partners LTD. grew its position in shares of GE Aerospace (NYSE:GE) by 140.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,146 shares of the company’s stock after purchasing an additional 2,422 shares during the quarter. Investment Partners LTD.’s holdings in GE Aerospace were worth $1,295,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GE. Amundi increased its stake 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 during the period. Jupiter Topco LLC bought a new stake in shares of GE Aerospace in the 2nd quarter worth $1,283,858,000. Wellington Management Group LLP boosted its stake in shares of 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 in the last quarter. Jennison Associates LLC raised its stake in GE Aerospace by 37.7% during the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after purchasing an additional 3,017,937 shares during the period. Finally, State Street Corp lifted its position in GE Aerospace by 2.6% in the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after buying an additional 1,160,584 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 3.7%

GE opened at $301.58 on Friday. 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 current ratio of 0.98 and a quick ratio of 0.68. The company’s 50-day moving average is $317.37 and its 200 day moving average is $323.12. The firm has a market capitalization of $311.64 billion, a PE ratio of 34.78, a P/E/G ratio of 2.05 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion during the quarter, compared to analyst estimates of $12.88 billion. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share. As a group, research analysts predict that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

GE Aerospace News Roundup

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?

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $425.00 price target on shares of GE Aerospace in a report on Sunday, October 25th. Vertical Research reaffirmed a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research note on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $378.00 price target on shares of GE Aerospace in a research note on Wednesday, October 21st. Melius Research set a $350.00 price target on shares of GE Aerospace and gave the company a “hold” rating in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. reduced their price target on GE Aerospace from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. 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. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $373.45.

GE Aerospace 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.