GE Aerospace $GE Stock: Sigma Investment Counselors Inc. Decreases Position

Sigma Investment Counselors Inc. lessened its stake in GE Aerospace (NYSE:GE) by 83.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 790 shares of the company’s stock after selling 4,053 shares during the period. Sigma Investment Counselors Inc.’s holdings in GE Aerospace were worth $247,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GE. State Street Corp grew its position in GE Aerospace by 2.6% during the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after acquiring an additional 1,160,584 shares during the last quarter. Jennison Associates LLC lifted its position in GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after purchasing an additional 3,017,937 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 valued at $2,710,142,000 after purchasing an additional 427,820 shares during the last quarter. Wellington Management Group LLP lifted 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 valued at $2,540,592,000 after purchasing an additional 3,352,432 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of GE Aerospace by 10.0% during the first quarter. Bank of America Corp DE now owns 7,664,679 shares of the company’s stock valued at $2,175,006,000 after purchasing an additional 695,731 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 1.3%

NYSE GE opened at $301.65 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. The stock has a market capitalization of $311.72 billion, a PE ratio of 34.79, a PEG ratio of 1.95 and a beta of 1.38. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84. The business’s 50-day moving average is $319.11 and its 200 day moving average is $323.28.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The business had revenue of $13.29 billion during the quarter, compared to analyst estimates of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. GE Aerospace’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 EPS. Sell-side analysts forecast that GE Aerospace will post 8.14 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

GE has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, October 15th. Sanford C. Bernstein set a $376.00 target price on shares of GE Aerospace in a research note on Friday, October 23rd. Citigroup reiterated a “buy” rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. Morgan Stanley reiterated an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a report on Wednesday, October 21st. Finally, HC Wainwright set a $375.00 price target on shares of GE Aerospace in a research report on Wednesday, October 21st. Sixteen equities research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $373.45.

More GE Aerospace News

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

• Positive Sentiment: GE Aerospace’s record $212 billion backlog highlights strong long-term demand for commercial aircraft engines and services. Recent earnings also showed substantial year-over-year growth, with revenue up 24.7% and earnings exceeding expectations. GE Aerospace Q3: Record $212B Backlog Overshadowed By Extreme Valuation
• Positive Sentiment: Zacks says GE Aerospace may be positioned for a rebound: the stock appears technically oversold, and upward earnings-estimate revisions indicate improving analyst expectations. Here’s Why GE Is Poised for a Turnaround
• Positive Sentiment: Jim Cramer’s aerospace discussion appears to favor GE Aerospace over Boeing, potentially reinforcing the view that GE offers stronger execution and industry positioning. Where Cramer Stands on Two Beaten-Down Aerospace Stocks
• Neutral Sentiment: About $17.2 million of net ETF buying in GE on October 26 indicates some passive and fund-level demand, but the flow is modest relative to the company’s market capitalization. General Electric Sees $17.2 Million in Net ETF Buying
• Neutral Sentiment: Articles comparing GE with RTX and Lockheed Martin present GE as a major beneficiary of aerospace and defense demand, but emphasize that relative valuation and recent performance will determine which stock offers the better risk-reward profile. GE vs. RTX
• Negative Sentiment: JPMorgan lowered its GE Aerospace price target to $375, signaling reduced near-term upside even though the target remains above the current trading level. JPMorgan Cuts Target for GE Aerospace
• Negative Sentiment: Investors are concerned that GE’s strong backlog and earnings growth are already reflected in a high valuation, leaving less room for disappointment or weaker guidance. Jim Cramer Discusses Diversification and Stock Quality
• Negative Sentiment: New rare-earth rules could create supply-chain and sourcing uncertainty for aerospace manufacturers, potentially raising costs or complicating production if access to key materials becomes restricted. What New Rare Earth Rules Mean for GE Aerospace

GE Aerospace 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.