Windmill Hill Asset Management Ltd Acquires 2,062 Shares of GE Aerospace $GE

Windmill Hill Asset Management Ltd lifted its holdings in GE Aerospace (NYSE:GE) by 7.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,565 shares of the company’s stock after acquiring an additional 2,062 shares during the quarter. GE Aerospace makes up about 1.9% of Windmill Hill Asset Management Ltd’s portfolio, making the stock its 4th biggest holding. Windmill Hill Asset Management Ltd’s holdings in GE Aerospace were worth $9,545,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Burkett Financial Services LLC lifted its stake in GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its holdings in GE Aerospace by 3.2% during the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after buying an additional 30 shares in the last quarter. Gradient Investments LLC boosted its holdings in GE Aerospace by 4.4% during the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after buying an additional 32 shares in the last quarter. Kinloch Capital LLC grew its position in GE Aerospace by 3.1% in the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock worth $403,000 after buying an additional 32 shares during the last quarter. Finally, United Community Bank grew its position in GE Aerospace by 10.1% in the second quarter. United Community Bank now owns 361 shares of the company’s stock worth $135,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GE shares. Guggenheim set a $380.00 price target on GE Aerospace in a report on Wednesday, October 21st. BNP Paribas Exane cut their price objective on GE Aerospace from $305.00 to $280.00 and set an “underperform” rating for the company in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $378.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, October 15th. Finally, Royal Bank Of Canada set a $376.00 target price on GE Aerospace in a report on Friday, October 23rd. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.45.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $313.28 on Friday. The stock has a market cap of $323.73 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The business has a fifty day simple moving average of $318.25 and a 200-day simple moving average of $323.24. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The business had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. GE Aerospace’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. On average, sell-side analysts anticipate that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Key Headlines Impacting GE Aerospace

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

• Positive Sentiment: GE’s approval of a French turbine oil for Boeing 787 aircraft, following successful Air France trials, could support product adoption and strengthen its relationship with a major commercial-aircraft platform. GE approves NYCO oil for Boeing 787
• Positive Sentiment: The company continues investing to expand manufacturing and maintenance, repair and overhaul capacity. Although the spending is pressuring margins near term, it is intended to increase production and capture longer-term engine-services demand. GE also recently reported quarterly revenue and earnings above analyst expectations, with revenue growth accelerating year over year. GE Aerospace costs rise in Q3
• Neutral Sentiment: New rare-earth regulations could affect aerospace supply chains and sourcing costs, but the available report does not indicate a specific material impact on GE’s earnings. Rare earth rules and GE Aerospace
• Neutral Sentiment: GE attracted approximately $17.2 million in net ETF purchases, providing a modest technical demand signal, while investor attention and upcoming-event coverage may increase trading interest without changing the company’s fundamentals. GE ETF buying
• Negative Sentiment: Inflation, higher operating expenses and an unfavorable product mix are weighing on profit margins. The investment cycle could keep margin pressure elevated before capacity benefits appear. GE Aerospace margin pressure
• Negative Sentiment: One valuation estimate was reduced from $391.19 to $378.43 as analysts became more cautious about the durability of aftermarket strength. Separately, Honeywell’s supply constraints and weak parts availability highlight industrywide risks that could limit aerospace growth and deliveries. GE fair value estimate trimmed

GE Aerospace Company Profile

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.