GE Aerospace $GE Stock Purchased by XXI Wealth LLC

XXI Wealth LLC grew its stake in shares of GE Aerospace (NYSE:GE) by 107.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,539 shares of the company’s stock after buying an additional 1,834 shares during the quarter. XXI Wealth LLC’s holdings in GE Aerospace were worth $1,105,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GE. MBL Wealth LLC lifted its stake in shares of GE Aerospace by 19.4% in the 3rd quarter. MBL Wealth LLC now owns 5,746 shares of the company’s stock valued at $1,795,000 after acquiring an additional 935 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new stake in GE Aerospace during the 3rd quarter valued at about $144,000. Virtue Asset Management LLC boosted its holdings in GE Aerospace by 12.4% during the 3rd quarter. Virtue Asset Management LLC now owns 926 shares of the company’s stock valued at $289,000 after acquiring an additional 102 shares during the period. NBT Bank N.A. purchased a new stake in GE Aerospace during the 3rd quarter valued at about $3,801,000. Finally, Root Financial Partners LLC grew its position in GE Aerospace by 12.2% during the 3rd quarter. Root Financial Partners LLC now owns 3,403 shares of the company’s stock worth $1,063,000 after acquiring an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 2.7%

Shares of NYSE:GE traded down $7.78 during midday trading on Friday, hitting $285.76. 6,516,776 shares of the stock traded hands, compared to its average volume of 4,629,010. The stock has a market capitalization of $295.29 billion, a PE ratio of 32.96, a P/E/G ratio of 2.05 and a beta of 1.38. The business’s 50 day moving average is $322.95 and its two-hundred day moving average is $328.74. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a one year low of $268.91 and a one year high of $388.84.

GE Aerospace (NYSE:GE) last posted its earnings results 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 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 analysts’ expectations of $12.88 billion. During the same period last year, the firm earned $1.66 earnings per share. GE Aerospace’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, research analysts forecast that GE Aerospace will post 8.15 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be issued a $0.47 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a yield of 0.7%. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on GE Aerospace from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday. Vertical Research reiterated a “buy” rating and issued a $400.00 price objective on shares of GE Aerospace in a research report on Tuesday. UBS Group reissued a “buy” rating and set a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $378.00 target price on shares of GE Aerospace in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $373.52.

More GE Aerospace News

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

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE’s Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

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.