GE Aerospace $GE Stock Bought by Mather Group LLC.

Mather Group LLC. lifted its holdings in GE Aerospace (NYSE:GE) by 46.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,968 shares of the company’s stock after acquiring an additional 15,226 shares during the quarter. Mather Group LLC.’s holdings in GE Aerospace were worth $14,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its stake in GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after purchasing an additional 1,160,584 shares during the last quarter. Jennison Associates LLC boosted its holdings in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after buying an additional 3,017,937 shares in the last quarter. Invesco Ltd. grew its position in GE Aerospace by 2.1% in the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock worth $2,858,604,000 after buying an additional 189,979 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in GE Aerospace by 6.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company’s stock worth $2,710,142,000 after buying an additional 427,820 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in GE Aerospace by 97.3% in the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock worth $2,540,592,000 after buying an additional 3,352,432 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace News Roundup

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

• Positive Sentiment: GE Aerospace secured up to £33 million in UK government funding, alongside approximately £27 million from the company, to expand and modernize its Prestwick, Scotland, jet-engine maintenance facility. The project is expected to protect 850 jobs and create 150 more, supporting GE’s long-term aftermarket and maintenance operations. General Electric Wins UK Backing To Expand Prestwick Jet Engine Jobs
• Positive Sentiment: GE plans to increase supply-chain spending in India to $400 million by 2030 and source more components locally. The investment could improve manufacturing flexibility and deepen GE’s presence in a major aerospace-growth market. GE Aerospace to Boost India Supply Chain Spending
• Positive Sentiment: Susquehanna maintained its Buy rating and $430 price target, indicating continued confidence in GE Aerospace’s earnings outlook and valuation despite recent share-price weakness. Susquehanna Keeps Buy Rating
• Neutral Sentiment: GE Aerospace’s chief executive is scheduled to meet the U.S. transportation secretary, along with Boeing’s CEO, to discuss aircraft-certification reform. Faster or more predictable certification could benefit aerospace manufacturers, but the immediate financial impact is uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: GE Aerospace will report third-quarter results before the market opens on October 20. The announcement is likely to be the next major catalyst, with investors focused on orders, aftermarket demand, margins and full-year guidance. GE Aerospace Earnings Are Imminent
• Negative Sentiment: Deutsche Bank lowered its GE Aerospace price target to $377 from $450. Although the revised target remains above the recent trading level, the reduction signals more cautious expectations and may weigh on sentiment. Deutsche Bank Adjusts Price Target
• Negative Sentiment: Investor scrutiny remains high after GE agreed to acquire Consolidated Precision Products for $11.75 billion. The deal could strengthen GE’s control over critical castings, but its large cost raises questions about valuation, integration and whether the acquisition can justify GE’s premium multiple. GE Aerospace and the $11.75 Billion Foundry Deal

Wall Street Analyst Weigh In

GE has been the topic of several research reports. Jefferies Financial Group set a $435.00 price target on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. raised their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Citigroup restated a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Finally, TD Cowen restated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Sixteen 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, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $386.67.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the sale, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

GE Aerospace Price Performance

NYSE GE opened at $306.63 on Thursday. The stock’s 50-day moving average price is $332.15 and its two-hundred day moving average price is $328.11. 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 market cap of $318.15 billion, a PE ratio of 36.12, a PEG ratio of 2.25 and a beta of 1.38. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84.

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

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) 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.