Vest Financial LLC Acquires 55,635 Shares of GE Aerospace $GE

Vest Financial LLC raised its position in shares of GE Aerospace (NYSE:GE) by 49.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,385 shares of the company’s stock after purchasing an additional 55,635 shares during the quarter. Vest Financial LLC’s holdings in GE Aerospace were worth $50,654,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of GE Aerospace by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock worth $23,677,180,000 after purchasing an additional 1,482,069 shares during the period. State Street Corp boosted its holdings in shares of GE Aerospace by 1.4% during the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company’s stock valued at $11,394,375,000 after purchasing an additional 613,866 shares during the last quarter. Geode Capital Management LLC grew its holdings in GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company’s stock valued at $6,181,956,000 after buying an additional 724,559 shares in the last quarter. Norges Bank purchased a new stake in GE Aerospace during the second quarter valued at $3,408,828,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of GE Aerospace by 3.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,154,078 shares of the company’s stock valued at $1,841,388,000 after acquiring an additional 208,027 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

More GE Aerospace News

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

• Positive Sentiment: Wall Street consensus sees Q4 revenue rising to roughly $11.2B versus $9.9B a year ago, highlighting expectations for double?digit top?line growth into Thursday’s report. How To Earn $500 A Month From GE Aerospace Stock Ahead Of Q4 Earnings
• Positive Sentiment: Analyst previews (Zacks, others) expect a potential beat driven by strong engine demand, services strength and defense momentum — a direct fundamental driver for revenue and margins. GE Aerospace Set to Report Q4 Earnings: Is a Beat in the Offing?
• Positive Sentiment: High?profile bullish coverage (Jim Cramer) has put the stock in front of retail and momentum traders ahead of earnings, supporting demand into the print. Jim Cramer on GE Aerospace’s Earnings
• Positive Sentiment: Operational news — including an engine overhaul and a Delta GEnx-related deal — reinforces the services/revenue narrative and long-term aftermarket cash flow potential. Did GE’s Engine Overhaul and Delta GEnx Deal Just Recast Its Aviation Investment Narrative?
• Positive Sentiment: Income/option strategies are being discussed by retail outlets as a way to monetize exposure ahead of earnings, which can attract yield?seeking investors and increase short?term demand. How To Earn $500 A Month From GE Aerospace Stock Ahead Of Q4 Earnings
• Neutral Sentiment: GE extended an education/partnership with the University of Cincinnati — positive for talent pipeline and PR but unlikely to move fundamentals near term. GE Aerospace Foundation extends partnership with top Cincinnati university
• Neutral Sentiment: Market pieces and research roundups highlight GE’s recent run and coverage (research reports, 5?year performance stories), which inform investors but don’t change near?term catalysts. Top Research Reports for GE Aerospace, KLA & Parker-Hannifin
• Negative Sentiment: Valuation and momentum risk: the stock has run sharply (over 100% from last year’s low and trading near highs), P/E is elevated — a miss or guide?down could trigger a quick pullback. GE Aerospace stock forecast ahead of earnings: buy, sell, or hold?

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their target price on GE Aerospace from $275.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Citigroup lowered their price target on shares of GE Aerospace from $386.00 to $378.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Finally, BNP Paribas raised shares of GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.00.

GE Aerospace Stock Up 1.2%

NYSE:GE opened at $316.09 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $333.41 billion, a price-to-earnings ratio of 42.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.40. The stock’s fifty day moving average is $305.28 and its two-hundred day moving average is $291.62. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $332.79.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.