35,493 GE Aerospace $GE Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its position in GE Aerospace (NYSE:GE) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 413,412 shares of the company’s stock after selling 35,493 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in GE Aerospace were worth $129,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC boosted its holdings in shares of GE Aerospace by 261.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock valued at $79,830,000 after buying an additional 154,429 shares in the last quarter. Clough Capital Partners L P raised its stake in GE Aerospace by 37.1% during the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock worth $20,016,000 after acquiring an additional 19,105 shares in the last quarter. HWG Holdings LP raised its stake in GE Aerospace by 54.7% during the 3rd quarter. HWG Holdings LP now owns 15,640 shares of the company’s stock worth $4,884,000 after acquiring an additional 5,531 shares in the last quarter. Ascentis Independent Advisors lifted its position in GE Aerospace by 207.3% in the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company’s stock valued at $1,225,000 after acquiring an additional 2,912 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its position in GE Aerospace by 330.1% in the third quarter. GoalVest Advisory LLC now owns 30,858 shares of the company’s stock valued at $9,637,000 after acquiring an additional 23,684 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GE shares. Royal Bank Of Canada restated an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Jefferies Financial Group set a $435.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday. UBS Group upped their price objective on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Melius Research set a $350.00 price target on shares of GE Aerospace and gave the company a “hold” rating in a report on Monday, September 14th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $386.67.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Key Headlines Impacting GE Aerospace

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

• Positive Sentiment: Turkish Airlines and CFM International signed a memorandum covering more than 600 LEAP-1B engines, including 300 engines for up to 150 Boeing 737 MAX aircraft, long-term services and material support for a future maintenance facility. The agreement reinforces GE’s long-term engine and aftermarket opportunity. Turkish Airlines and CFM sign MOU for more than 600 LEAP-1B engines
• Positive Sentiment: Bernstein reiterated a Buy rating and its $421 price target, citing resilient aftermarket demand and continued LEAP engine growth. GE Aerospace analyst rating and price target
• Positive Sentiment: Analysts expect third-quarter results to reflect solid commercial and defense demand, with growth potentially supported by GE’s large installed engine base and service revenue. How to Approach GE Aerospace Stock Ahead of Its Q3 Earnings Release?
• Positive Sentiment: GE awarded a $16 million defense-related fighter-jet generator repair order to its Vandalia, Ohio, operation, providing a modest boost to defense backlog and facility utilization.
• Neutral Sentiment: Morgan Stanley said aerospace and defense demand remains intact despite softer investor sentiment across the sector, suggesting fundamentals are holding up even as market enthusiasm cools. Aerospace, Defense Stocks’ Demand Intact Despite Softer Sentiment
• Neutral Sentiment: GE’s foundation plans to invest $1 million in Dallas-Fort Worth aviation workforce training, while the company is also pursuing international sourcing and facility investments. These initiatives may support long-term capacity but have limited near-term earnings impact.
• Negative Sentiment: The options market is positioned for GE shares to decline following the earnings release, signaling caution ahead of a potentially volatile report. Ahead of GE Aerospace Earnings, Here’s What Barchart Data Says Comes Next for GE Stock
• Negative Sentiment: Although growth expectations are favorable, GE trades at a premium valuation and faces rising costs. Any earnings miss, cautious guidance or margin pressure could prompt profit-taking.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $1.79 during trading on Friday, hitting $313.79. 4,204,651 shares of the stock were exchanged, compared to its average volume of 4,298,996. The company has a market cap of $325.58 billion, a PE ratio of 36.96, a P/E/G ratio of 2.28 and a beta of 1.38. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average price of $329.77 and a two-hundred day moving average price of $328.21. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. GE Aerospace’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. On average, analysts forecast that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently announced 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 of this dividend is Monday, October 5th. This represents a $1.88 annualized dividend and a yield of 0.6%. GE Aerospace’s dividend payout ratio is 22.14%.

GE Aerospace Profile

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.