GE Aerospace $GE Shares Acquired by Vestor Capital LLC

Vestor Capital LLC boosted its holdings in GE Aerospace (NYSE:GE) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,780 shares of the company’s stock after buying an additional 10,611 shares during the quarter. GE Aerospace makes up 0.7% of Vestor Capital LLC’s holdings, making the stock its 20th biggest holding. Vestor Capital LLC’s holdings in GE Aerospace were worth $24,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC increased its holdings in shares of GE Aerospace by 261.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock worth $79,830,000 after buying an additional 154,429 shares in the last quarter. Christensen King & Associates Investment Services Inc. bought a new position in shares of GE Aerospace in the 3rd quarter valued at $4,934,000. HWG Holdings LP boosted its holdings in shares of GE Aerospace by 54.7% during the 3rd quarter. HWG Holdings LP now owns 15,640 shares of the company’s stock valued at $4,884,000 after acquiring an additional 5,531 shares in the last quarter. Clough Capital Partners L P boosted its holdings in shares of GE Aerospace by 37.1% during the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock valued at $20,016,000 after acquiring an additional 19,105 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its holdings in shares of GE Aerospace by 330.1% during the 3rd quarter. GoalVest Advisory LLC now owns 30,858 shares of the company’s stock valued at $9,637,000 after acquiring an additional 23,684 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GE shares. UBS Group restated a “buy” rating and set a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. TD Cowen reiterated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research report on Monday, July 13th. Vertical Research reissued a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research note on Tuesday, October 20th. Melius Research set a $350.00 price target on GE Aerospace and gave the stock a “hold” rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Sixteen 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, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $373.45.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert Giglietti sold 14,796 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was 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 in the company, valued at approximately $6,717,640.54. This represents a 42.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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: GE Aerospace signed deals worth nearly $13 billion at China’s CIIE, a potential boost to its commercial opportunities and long-term business in the region. Article: GE Aerospace signs deals worth nearly $13b at CIIE
• Positive Sentiment: Wall Street analysts remain bullish on GE Aerospace despite its underperformance versus the broader market over the past year, supporting a favorable view of its prospects. Article: GE Aerospace Stock: Is Wall Street Bullish or Bearish?
• Neutral Sentiment: State Street Industrial Select SPDR reported selling GE shares as part of a broader sale of its entire 83-stock portfolio. This may create some trading pressure, but appears to be a fund-level move rather than a GE-specific judgment. Article: What State Street Industrial Select SPDR Sold: GE Leads on Nov. 5
• Negative Sentiment: A GE Aerospace vice president sold about $4.9 million in company stock. Insider sales can weigh on sentiment, though the report alone does not establish the reason for the transaction. Article: GE Aerospace VP Sells $4,920,261.84 in Stock

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $335.80 on Tuesday. The business has a 50-day moving average price of $314.54 and a two-hundred day moving average price of $323.21. GE Aerospace has a 1-year low of $268.91 and a 1-year 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 market cap of $347.00 billion, a P/E ratio of 38.73, a PEG ratio of 2.24 and a beta of 1.43.

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, beating analysts’ consensus estimates of $2.01 by $0.24. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue was up 24.7% compared to the same quarter last year. As a group, analysts anticipate that GE Aerospace will post 8.16 EPS for the current year.

GE Aerospace Dividend Announcement

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

GE Aerospace Company Profile

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.

GE Aerospace traces its roots to General Electric’s aviation business, which developed over more than a century.