6,544 GE Aerospace $GE Shares Sold by NFSG Corp

Key Points

• NFSG Corp. cut its GE Aerospace stake by 44.5% in the third quarter, selling 6,544 shares and retaining 8,155 shares valued at approximately $2.55 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace reported strong recent operating results, with quarterly revenue up 21.1% year over year and EPS beating estimates; analysts maintain a “Moderate Buy” consensus with an average price target of $386.67.
• The stock opened at $312.04, while the company announced a quarterly dividend of $0.47 per share. Growth initiatives include a $16 million defense repair contract and planned investments in India and Scotland, though Deutsche Bank lowered its price target to $377 from $450.

NFSG Corp lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 44.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,155 shares of the company's stock after selling 6,544 shares during the quarter. NFSG Corp's holdings in GE Aerospace were worth $2,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GE. V Square Quantitative Management LLC boosted its stake in shares of GE Aerospace by 2.9% in the 3rd quarter. V Square Quantitative Management LLC now owns 20,393 shares of the company's stock worth $6,369,000 after buying an additional 580 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in GE Aerospace by 8.0% during the third quarter. Fortitude Advisory Group L.L.C. now owns 2,219 shares of the company's stock worth $693,000 after acquiring an additional 164 shares during the period. Saxony Capital Management LLC boosted its holdings in shares of GE Aerospace by 15.6% in the 3rd quarter. Saxony Capital Management LLC now owns 904 shares of the company's stock worth $282,000 after buying an additional 122 shares during the last quarter. Weaver Capital Management LLC boosted its stake in GE Aerospace by 38.4% in the third quarter. Weaver Capital Management LLC now owns 13,711 shares of the company's stock valued at $4,282,000 after acquiring an additional 3,805 shares during the last quarter. Finally, WealthPLAN Partners LLC grew its stake in shares of GE Aerospace by 11.9% during the 3rd quarter. WealthPLAN Partners LLC now owns 2,449 shares of the company's stock worth $765,000 after acquiring an additional 261 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace News Roundup

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

• Positive Sentiment: GE Aerospace received a $16 million defense order for fighter-jet generator repair work in Vandalia, Ohio. The contract adds to the company’s defense aftermarket activity and provides incremental revenue visibility. GE Aerospace sends $16M defense order for fighter jet repair work to Vandalia
• Positive Sentiment: Analysts and market commentary are constructive ahead of GE Aerospace’s October 20 earnings release. Coverage points to the possibility of solid third-quarter results, while the average analyst target of $386.67 and Susquehanna’s $430 buy-rated target remain well above the recent trading level. Why It’s Time To Load Up on GE Aerospace Stock GE Aerospace Stock Has Average Target Price of $386.67
• Positive Sentiment: GE Aerospace is committing approximately $400 million to sourcing in India and investing £30 million to expand its Prestwick operation, expected to create 150 jobs. These investments could strengthen manufacturing capacity and support long-term growth, though they may increase near-term spending. GE Aerospace commits USD 400 million to India sourcing GE Aerospace to invest £30m in Prestwick expansion
• Positive Sentiment: The GE Aerospace Foundation’s $1 million workforce-training investment in the Dallas-Fort Worth region may help address skilled-labor shortages and support future hiring. North Texas Aerospace Industry Needs Workers
• Neutral Sentiment: GE Aerospace’s CEO participated in discussions with U.S. officials on aircraft-certification reform. Faster approvals could benefit the industry, but the timing and financial impact remain uncertain. US Transportation Secretary meeting with Boeing and GE CEOs
• Negative Sentiment: Deutsche Bank reduced its GE Aerospace price target to $377 from $450, signaling less upside than previously expected. With the stock trading at a high earnings multiple, investors may be particularly sensitive to any earnings miss or cautious guidance. Deutsche Bank Adjusts Price Target on GE Aerospace

GE Aerospace Stock Performance

NYSE:GE opened at $312.04 on Friday. The business's 50-day moving average price is $330.91 and its two-hundred day moving average price is $328.32. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. The stock has a market cap of $323.76 billion, a P/E ratio of 36.75, a PEG ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. GE Aerospace's revenue was up 21.1% on a year-over-year basis. As a group, equities analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Susquehanna reissued a "positive" rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $450.00 target price on shares of GE Aerospace in a research note on Monday, July 27th. Jefferies Financial Group set a $435.00 target price on GE Aerospace and gave the company a "buy" rating in a report on Wednesday, September 23rd. Finally, Citigroup reiterated a "buy" rating and set a $431.00 price target (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sixteen 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $386.67.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace 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 completion of the sale, the senior vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by insiders.

About GE Aerospace

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.

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