Front Street Capital Management Inc. Invests $70.46 Million in GE Aerospace $GE

Key Points

• Front Street Capital Management acquired 188,533 GE Aerospace shares worth approximately $70.46 million, making GE its third-largest holding at 8% of the portfolio. Institutional investors collectively own 74.77% of the company.
• Analysts maintain a broadly positive outlook, with 16 Buy ratings, two Holds and one Sell; the consensus rating is “Moderate Buy” with a $390.59 price target.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in EPS and $12.63 billion in revenue, with revenue up 21.1% year over year. The company also pays a quarterly dividend of $0.47 per share, yielding 0.5% annually.

Front Street Capital Management Inc. acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 188,533 shares of the company's stock, valued at approximately $70,460,000. GE Aerospace accounts for about 8.0% of Front Street Capital Management Inc.'s holdings, making the stock its 3rd largest holding.

A number of other large investors also recently bought and sold shares of the stock. Auto Owners Insurance Co raised its holdings in shares of GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares during the period. Norges Bank acquired a new position in shares of GE Aerospace during the fourth quarter worth $4,444,736,000. Amundi boosted its position in GE Aerospace by 135.2% in the 1st quarter. Amundi now owns 6,119,975 shares of the company's stock valued at $1,736,665,000 after buying an additional 3,518,278 shares during the last quarter. Jennison Associates LLC boosted its holdings 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. Finally, Corient Private Wealth LLC grew its position in shares of GE Aerospace by 382.1% during the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company's stock worth $849,325,000 after buying an additional 2,185,321 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein set a $421.00 target price on GE Aerospace and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Jefferies Financial Group upped their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. BNP Paribas Exane lowered their price target on GE Aerospace from $300.00 to $270.00 and set an "underperform" rating on the stock in a report on Thursday, May 14th. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $390.00 price target on shares of GE Aerospace in a research report on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $390.59.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $341.92 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The business's 50-day simple moving average is $361.09 and its 200-day simple moving average is $327.19. The firm has a market cap of $354.76 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 2.54 and a beta of 1.36. GE Aerospace has a 52 week low of $266.56 and a 52 week high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company's revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace's dividend payout ratio (DPR) is 22.14%.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the firm'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 completion of the sale, the senior vice president owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company's stock.

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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