GE Aerospace $GE Stock: Fisher Asset Management LLC Increases Holdings

Fisher Asset Management LLC raised its holdings in GE Aerospace (NYSE:GE) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 12,156,680 shares of the company’s stock after purchasing an additional 568,633 shares during the quarter. GE Aerospace makes up 1.1% of Fisher Asset Management LLC’s investment portfolio, making the stock its 28th largest position. Fisher Asset Management LLC’s holdings in GE Aerospace were worth $3,796,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GK Wealth Management LLC acquired a new stake in shares of GE Aerospace in the 3rd quarter valued at approximately $25,000. Paladin Partners LLC acquired a new stake in shares of GE Aerospace during the 2nd quarter valued at approximately $38,000. Parvin Asset Management LLC purchased a new stake in shares of GE Aerospace during the 2nd quarter worth approximately $41,000. Clark Wealth Partners grew its holdings 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 acquiring an additional 47 shares during the period. Finally, Markowski Investments purchased a new position in shares of GE Aerospace in the second quarter valued at $46,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Key Stories Impacting GE Aerospace

Investors following GE have been watching these stories:

• Positive Sentiment: Commentary points to robust engine demand, defense contracts and higher earnings estimates, while GE is trading above its 50-day and 200-day moving averages. These factors may support the growth outlook, though the article does not report a new contract or forecast change. Article
• Positive Sentiment: The State Street Industrial Select Sector SPDR (XLI) added GE to its holdings, a modest potential source of fund demand. The report does not specify how much GE stock the fund purchased. Article
• Neutral Sentiment: Doncasters acquired a 50% stake in Montana Precision Products, becoming a 50/50 joint-venture partner with Unison Industries, a GE Aerospace company. MPP supplies components for GE engine platforms, so the ownership change could affect sourcing and production coordination; the reports disclose no financial terms or immediate operational impact. Article

Insider Activity

In related news, VP Robert Giglietti sold 14,796 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $332.54, for a total value of $4,920,261.84. Following the transaction, the vice president owned 20,201 shares in the company, valued at approximately $6,717,640.54. The trade was a 42.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group restated a “buy” rating and issued a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research report on Thursday, October 15th. Royal Bank Of Canada set a $376.00 target price on shares of GE Aerospace in a research report on Friday, October 23rd. JPMorgan Chase & Co. dropped their price target on shares of GE Aerospace from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Finally, 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. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.45.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $330.56 on Friday. The company has a market cap of $341.58 billion, a P/E ratio of 38.13, a PEG ratio of 2.33 and a beta of 1.43. GE Aerospace has a one year low of $268.91 and a one year high of $388.84. The business’s 50-day simple moving average is $314.84 and its 200 day simple moving average is $323.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98.

GE Aerospace (NYSE:GE) last posted 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 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 analyst estimates of $12.88 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. On average, sell-side analysts forecast that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

GE Aerospace 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.