GE Aerospace $GE Holdings Trimmed by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK cut its GE Aerospace stake by 6% in the third quarter, selling 10,508 shares and retaining 163,339 shares valued at about $51 million.
• Institutional investors own 74.77% of GE shares, with several funds increasing their positions during the quarter even as AEGON trimmed its holding.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $373.45. GE also beat quarterly earnings and revenue estimates, with revenue up 24.7% year over year.

AEGON ASSET MANAGEMENT UK Plc cut its stake in GE Aerospace (NYSE:GE - Free Report) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,339 shares of the company's stock after selling 10,508 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in GE Aerospace were worth $51,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Gryphon Financial Partners LLC boosted its stake in shares of GE Aerospace by 4.0% in the 3rd quarter. Gryphon Financial Partners LLC now owns 10,549 shares of the company's stock valued at $3,294,000 after purchasing an additional 401 shares during the last quarter. Vestor Capital LLC lifted its holdings in GE Aerospace by 15.3% in the third quarter. Vestor Capital LLC now owns 79,780 shares of the company's stock valued at $24,914,000 after buying an additional 10,611 shares during the period. Kestra Investment Management LLC lifted its holdings in GE Aerospace by 278.7% in the third quarter. Kestra Investment Management LLC now owns 3,276 shares of the company's stock valued at $1,023,000 after buying an additional 2,411 shares during the period. AlphaCore Capital LLC lifted its holdings in GE Aerospace by 15.0% in the third quarter. AlphaCore Capital LLC now owns 20,945 shares of the company's stock valued at $6,541,000 after buying an additional 2,729 shares during the period. Finally, Joseph Group Capital Management lifted its holdings in GE Aerospace by 23.1% in the third quarter. Joseph Group Capital Management now owns 320 shares of the company's stock valued at $100,000 after buying an additional 60 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GE. Melius Research set a $350.00 price target on GE Aerospace and gave the stock a "hold" rating in a research report on Monday, September 14th. Susquehanna dropped their price objective on GE Aerospace from $430.00 to $400.00 and set a "positive" rating for the company in a report on Wednesday, October 21st. Jefferies Financial Group reiterated a "buy" rating and issued a $425.00 price objective on shares of GE Aerospace in a report on Sunday, October 25th. BNP Paribas Exane cut their target price on GE Aerospace from $305.00 to $280.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $378.00 target price 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 given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $373.45.

Insider Buying and Selling

In other GE Aerospace news, VP Robert Giglietti sold 14,796 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president directly owned 20,201 shares in the company, valued at approximately $6,717,640.54. This trade represents a 42.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company's stock.

GE Aerospace News Summary

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

• Positive Sentiment: GE Aerospace signed deals worth nearly $13 billion at China’s CIIE, a potential boost to its commercial opportunities and long-term business in the region. Article: GE Aerospace signs deals worth nearly $13b at CIIE
• Positive Sentiment: Wall Street analysts remain bullish on GE Aerospace despite its underperformance versus the broader market over the past year, supporting a favorable view of its prospects. Article: GE Aerospace Stock: Is Wall Street Bullish or Bearish?
• Neutral Sentiment: State Street Industrial Select SPDR reported selling GE shares as part of a broader sale of its entire 83-stock portfolio. This may create some trading pressure, but appears to be a fund-level move rather than a GE-specific judgment. Article: What State Street Industrial Select SPDR Sold: GE Leads on Nov. 5
• Negative Sentiment: A GE Aerospace vice president sold about $4.9 million in company stock. Insider sales can weigh on sentiment, though the report alone does not establish the reason for the transaction. Article: GE Aerospace VP Sells $4,920,261.84 in Stock

GE Aerospace Trading Up 3.9%

Shares of NYSE GE opened at $335.80 on Tuesday. The company's fifty day moving average is $314.54 and its 200-day moving average is $323.21. The stock has a market cap of $347.00 billion, a price-to-earnings ratio of 42.79, a P/E/G ratio of 2.24 and a beta of 1.43. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96.

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

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, October 5th. GE Aerospace's dividend payout ratio is presently 21.68%.

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.

GE Aerospace traces its roots to General Electric's aviation business, which developed over more than a century.

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