GE Aerospace $GE Holdings Increased by Inspire Investing LLC

Inspire Investing LLC boosted its position in GE Aerospace (NYSE:GE) by 373,353.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,018 shares of the company’s stock after purchasing an additional 56,003 shares during the quarter. GE Aerospace comprises approximately 0.7% of Inspire Investing LLC’s investment portfolio, making the stock its 16th largest position. Inspire Investing LLC’s holdings in GE Aerospace were worth $17,494,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GE. Burkett Financial Services LLC grew its holdings in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 28 shares in the last quarter. BOK Financial Private Wealth Inc. raised its position in shares of GE Aerospace by 3.2% in the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock valued at $359,000 after buying an additional 30 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of GE Aerospace by 4.4% in 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 lifted its stake in shares of 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 in the last quarter. Finally, United Community Bank lifted its stake in shares of 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 in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Key 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

GE Aerospace Price Performance

GE Aerospace stock opened at $285.76 on Friday. 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 50-day moving average price of $322.95 and a 200 day moving average price of $328.74. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The stock has a market cap of $295.29 billion, a P/E ratio of 32.96, a PEG ratio of 2.05 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company had revenue of $13.29 billion for the quarter, compared to analyst estimates of $12.88 billion. During the same period in the previous year, the business posted $1.66 EPS. GE Aerospace’s revenue was up 24.7% on a year-over-year basis. Sell-side analysts anticipate 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. Investors 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 dividend on an annualized basis and a yield of 0.7%. GE Aerospace’s dividend payout ratio is currently 22.14%.

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, October 15th. Wells Fargo & Company decreased their target price on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Morgan Stanley restated an “overweight” rating and set a $375.00 target price (down from $400.00) on shares of GE Aerospace in a report on Wednesday. Finally, Citigroup restated a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.52.

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.