GE Aerospace $GE Shares Sold by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. decreased its position in GE Aerospace (NYSE:GE) by 72.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,335 shares of the company’s stock after selling 27,112 shares during the quarter. GE Aerospace comprises about 1.8% of RWQ Financial Management Services Inc.’s portfolio, making the stock its 23rd largest holding. RWQ Financial Management Services Inc.’s holdings in GE Aerospace were worth $3,228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GK Wealth Management LLC bought a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $25,000. Paladin Partners LLC bought a new position in GE Aerospace during the second quarter worth about $38,000. Parvin Asset Management LLC bought a new position in GE Aerospace during the second quarter worth $41,000. Clark Wealth Partners increased its holdings in shares of GE Aerospace by 70.1% in the third quarter. Clark Wealth Partners now owns 114 shares of the company’s stock valued at $36,000 after purchasing an additional 47 shares during the last quarter. Finally, Markowski Investments acquired a new position in shares of GE Aerospace in the second quarter valued at $46,000. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GE. Melius Research set a $350.00 target price on GE Aerospace and gave the stock a “hold” rating in a research note on Monday, September 14th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $450.00 target price on shares of GE Aerospace in a research report on Monday, July 27th. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Finally, Wells Fargo & Company dropped their price objective on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $386.67.

GE Aerospace Trading Down 0.4%

Shares of GE traded down $1.37 during mid-day trading on Monday, reaching $312.46. 1,954,248 shares of the company were exchanged, compared to its average volume of 5,058,613. GE Aerospace has a 52 week low of $268.91 and a 52 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 stock has a market capitalization of $324.20 billion, a PE ratio of 36.79, a PEG ratio of 2.29 and a beta of 1.38. The business has a 50 day simple moving average of $329.77 and a two-hundred day simple moving average of $328.61.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The business had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the prior year, the business posted $1.66 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. On average, analysts predict that GE Aerospace will post 7.91 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. Stockholders of record on Monday, October 5th will be 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 is Monday, October 5th. GE Aerospace’s dividend payout ratio is 22.14%.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

GE Aerospace News Summary

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

• Positive Sentiment: GE Aerospace is expected to report solid third-quarter revenue and earnings growth after beating estimates and raising guidance in the previous quarter. Another beat or an increase to full-year guidance could provide a catalyst for the shares. GE Aerospace earnings preview
• Positive Sentiment: Industry demand remains supportive, with GE Aerospace and RTX positioned to benefit from strong commercial-aircraft engine, aftermarket, and defense activity. Investors will focus on orders, services growth, margins, and production plans. Aerospace and defense earnings outlook
• Positive Sentiment: GE Aerospace’s joint venture signed an engine and services agreement with Turkish Airlines, while the company also announced an expansion in Prestwick, Scotland. The developments support longer-term engine support revenue and international operating capacity. Turkish Airlines agreement
• Positive Sentiment: GE Aerospace plans to acquire castings supplier Consolidated Precision Products for approximately $11.75 billion, potentially improving supply-chain control and supporting production growth. The size of the transaction also raises integration and capital-allocation considerations. Consolidated Precision Products acquisition
• Neutral Sentiment: Analysts and investors are comparing GE Aerospace’s performance with aerospace peers such as Howmet, while broader market sentiment has improved ahead of a busy earnings week. Aerospace peer performance
• Negative Sentiment: Melius reduced its price target to $350 from $432, signaling less upside after the stock’s strong multiyear run. The shares also trade at a demanding valuation, and technical analysts warn of a potential “death cross.” Melius price-target cut
• Negative Sentiment: Because the market already expects another earnings beat and guidance increase, merely meeting expectations may not be enough to lift GE Aerospace. Any disappointment on margins, deliveries, cash flow, or outlook could pressure the stock. GE Aerospace earnings expectations

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.