Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of GE Aerospace (NYSE:GE – Free Report) by 9.3% in the third quarter, HoldingsChannel reports. The fund owned 199,063 shares of the company’s stock after buying an additional 16,943 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in GE Aerospace were worth $59,882,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bare Financial Services Inc grew its position in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter valued at $26,000. Lavaca Capital LLC grew its holdings in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Barnes Dennig Private Wealth Management LLC increased its stake in shares of GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in shares of GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Trading Down 1.8%
NYSE:GE opened at $292.16 on Thursday. The company’s 50 day moving average is $304.83 and its 200-day moving average is $293.35. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $332.79. The firm has a market cap of $308.17 billion, a price-to-earnings ratio of 35.89, a P/E/G ratio of 2.77 and a beta of 1.40.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Monday, December 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 29th. GE Aerospace’s payout ratio is currently 17.69%.
GE Aerospace News Roundup
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Successful hybrid‑electric engine tests with NASA (demonstrated core functions of the prototype and a narrowbody hybrid‑electric ground test), reinforcing GE Aerospace’s technology edge and long‑term growth potential. NASA, GE Aerospace Hybrid Engine Under HyTEC Program
- Positive Sentiment: Citi added GE to its high‑conviction focus list and laid out an ambitious path to a much larger market cap, giving investors a bullish, long‑term thesis from a major bank. Citi adds GE to high-conviction focus list
- Positive Sentiment: JPMorgan raised its price target to $335, signalling confidence in GE Aerospace’s revenue and profit trajectory; analyst PT increases can support the stock once sentiment normalizes. JPMorgan Boosts GE Aerospace Price Target
- Positive Sentiment: Commentary from The Motley Fool argues the market overreacted to near‑term margin noise and that the developments are long‑term positives for the business. The Market Is Wrong to Sell Off GE Aerospace Stock
- Neutral Sentiment: Coverage roundup / analyst optimism — media pieces note that many sell‑side analysts remain constructive, which dampens downside risk but doesn’t eliminate short‑term volatility. Is GE a Buy as Wall Street Analysts Look Optimistic?
- Neutral Sentiment: Delta Airlines reached a settlement involving GEnx engines amid unrelated defense tests reporting, a transactional update that is not expected to materially change GE Aerospace’s core commercial aftermarket trajectory. Delta Airlines Settles on GE GEnx Engines
- Neutral Sentiment: GE Appliances announced new U.S. water‑filter manufacturing initiatives — relevant to the broader GE ecosystem but largely unrelated to GE Aerospace’s aerospace earnings drivers. GE Appliances Announces Water Filter Manufacturing
- Negative Sentiment: Near‑term margin pressure cited after recent updates appears to have triggered the sell‑off; that short‑term profitability concern is the main driver of today’s weakness even as longer‑term catalysts remain intact. The Market Is Wrong to Sell Off GE Aerospace Stock
Insider Activity at GE Aerospace
In other news, SVP Russell Stokes sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% 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 this hyperlink. 0.21% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $380.00 target price on shares of GE Aerospace in a research report on Thursday, January 15th. Royal Bank Of Canada boosted their price target on GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group increased their price objective on GE Aerospace from $338.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wolfe Research increased their price target on shares of GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.00.
Check Out Our Latest Stock Report on GE
GE Aerospace Company Profile
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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