101,446 GE Aerospace $GE Shares Sold by PBU The Pension Fund of Early Childhood & Youth Educators

Key Points

• PBU The Pension Fund of Early Childhood & Youth Educators cut its GE Aerospace stake by 46%, selling 101,446 shares in the third quarter. It retained 118,856 shares, valued at about $37.1 million at quarter-end.
• GE Aerospace reported quarterly EPS of $2.25 and revenue of $13.29 billion, beating analyst estimates; revenue rose 24.7% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $373.45. The stock opened at $330.56, while the company’s quarterly dividend was $0.47 per share.

PBU The Pension Fund of Early Childhood & Youth Educators decreased its position in GE Aerospace (NYSE:GE - Free Report) by 46.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,856 shares of the company's stock after selling 101,446 shares during the quarter. GE Aerospace accounts for about 0.9% of PBU The Pension Fund of Early Childhood & Youth Educators' investment portfolio, making the stock its 25th largest holding. PBU The Pension Fund of Early Childhood & Youth Educators' holdings in GE Aerospace were worth $37,118,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company's stock worth $17,377,559,000 after purchasing an additional 1,160,584 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in GE Aerospace by 6.3% during the 2nd 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 in the last quarter. Wellington Management Group LLP grew its holdings in GE Aerospace by 97.3% during the 2nd 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 in the last quarter. Finally, Bank of America Corp DE grew its holdings in GE Aerospace by 10.0% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Down 3.6%

GE opened at $330.56 on Friday. The stock has a market capitalization of $341.58 billion, a PE ratio of 38.13, a P/E/G ratio of 2.33 and a beta of 1.43. The firm's fifty day moving average price is $314.84 and its 200 day moving average price is $323.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The firm's revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. As a group, research analysts expect that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 5th were paid 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 is 21.68%.

GE Aerospace News Roundup

Here's some of the latest news about GE:

• Positive Sentiment: Commentary points to robust engine demand, defense contracts and higher earnings estimates, while GE is trading above its 50-day and 200-day moving averages. These factors may support the growth outlook, though the article does not report a new contract or forecast change. Article
• Positive Sentiment: The State Street Industrial Select Sector SPDR (XLI) added GE to its holdings, a modest potential source of fund demand. The report does not specify how much GE stock the fund purchased. Article
• Neutral Sentiment: Doncasters acquired a 50% stake in Montana Precision Products, becoming a 50/50 joint-venture partner with Unison Industries, a GE Aerospace company. MPP supplies components for GE engine platforms, so the ownership change could affect sourcing and production coordination; the reports disclose no financial terms or immediate operational impact. Article

Insider Activity at GE Aerospace

In other news, VP Robert Giglietti sold 14,796 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $332.54, for a total transaction of $4,920,261.84. Following the transaction, the vice president owned 20,201 shares of the company's stock, valued at approximately $6,717,640.54. This trade represents a 42.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GE. Morgan Stanley reaffirmed an "overweight" rating and set a $375.00 target price (down from $400.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Sanford C. Bernstein set a $376.00 price target on GE Aerospace in a report on Friday, October 23rd. Melius Research set a $350.00 price objective on GE Aerospace and gave the company a "hold" rating in a research note on Monday, September 14th. Jefferies Financial Group restated a "buy" rating and set a $425.00 price objective on shares of GE Aerospace in a research note on Sunday, October 25th. Finally, UBS Group restated a "buy" rating and set a $380.00 price objective (up from $377.00) on shares of GE Aerospace in a report on Wednesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $373.45.

GE Aerospace Profile

GE Aerospace NYSE: GE designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations. The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.

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