GE Aerospace $GE Position Decreased by Sigma Investment Counselors Inc.

Key Points

• Sigma Investment Counselors cut its GE Aerospace stake by 83.7% in the third quarter, selling 4,053 shares and retaining 790 shares valued at approximately $247,000.
• Analyst sentiment remains favorable, with 16 Buy ratings, three Holds and one Sell; GE has a consensus “Moderate Buy” rating and an average price target of $373.45.
• GE Aerospace reported quarterly EPS of $2.25 versus the $2.01 consensus estimate, while revenue rose 24.7% year over year to $13.29 billion. The company also pays a quarterly dividend of $0.47, representing a 0.6% annualized yield.

Sigma Investment Counselors Inc. cut its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 83.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 790 shares of the company's stock after selling 4,053 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in GE Aerospace were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. William Mack & Associates Inc. bought a new position in shares of GE Aerospace in the 3rd quarter worth $76,000. Victory Financial Group LLC raised its position in shares of GE Aerospace by 18.5% during the 3rd quarter. Victory Financial Group LLC now owns 2,963 shares of the company's stock valued at $925,000 after buying an additional 462 shares in the last quarter. Generali Asset Management SPA SGR raised its position in shares of GE Aerospace by 6.1% during the 3rd quarter. Generali Asset Management SPA SGR now owns 101,833 shares of the company's stock valued at $31,801,000 after buying an additional 5,818 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of GE Aerospace by 0.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 544,339 shares of the company's stock valued at $169,992,000 after buying an additional 4,928 shares in the last quarter. Finally, Lynch Investment Planning LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter valued at $73,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GE shares. Susquehanna dropped their price objective on shares of GE Aerospace from $430.00 to $400.00 and set a "positive" rating for the company in a report on Wednesday, October 21st. Citigroup reissued a "buy" rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Royal Bank Of Canada set a $376.00 target price on GE Aerospace in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $378.00 price target on shares of GE Aerospace in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company dropped their price target on GE Aerospace from $390.00 to $380.00 and set an "overweight" rating for the company in a research note on Wednesday, September 30th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.45.

More GE Aerospace News

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

• Positive Sentiment: GE Aerospace’s record $212 billion backlog highlights strong long-term demand for commercial aircraft engines and services. Recent earnings also showed substantial year-over-year growth, with revenue up 24.7% and earnings exceeding expectations. GE Aerospace Q3: Record $212B Backlog Overshadowed By Extreme Valuation
• Positive Sentiment: Zacks says GE Aerospace may be positioned for a rebound: the stock appears technically oversold, and upward earnings-estimate revisions indicate improving analyst expectations. Here’s Why GE Is Poised for a Turnaround
• Positive Sentiment: Jim Cramer’s aerospace discussion appears to favor GE Aerospace over Boeing, potentially reinforcing the view that GE offers stronger execution and industry positioning. Where Cramer Stands on Two Beaten-Down Aerospace Stocks
• Neutral Sentiment: About $17.2 million of net ETF buying in GE on October 26 indicates some passive and fund-level demand, but the flow is modest relative to the company’s market capitalization. General Electric Sees $17.2 Million in Net ETF Buying
• Neutral Sentiment: Articles comparing GE with RTX and Lockheed Martin present GE as a major beneficiary of aerospace and defense demand, but emphasize that relative valuation and recent performance will determine which stock offers the better risk-reward profile. GE vs. RTX
• Negative Sentiment: JPMorgan lowered its GE Aerospace price target to $375, signaling reduced near-term upside even though the target remains above the current trading level. JPMorgan Cuts Target for GE Aerospace
• Negative Sentiment: Investors are concerned that GE’s strong backlog and earnings growth are already reflected in a high valuation, leaving less room for disappointment or weaker guidance. Jim Cramer Discusses Diversification and Stock Quality
• Negative Sentiment: New rare-earth rules could create supply-chain and sourcing uncertainty for aerospace manufacturers, potentially raising costs or complicating production if access to key materials becomes restricted. What New Rare Earth Rules Mean for GE Aerospace

GE Aerospace Stock Up 1.3%

Shares of GE opened at $301.65 on Thursday. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $319.11 and a two-hundred day simple moving average of $323.28. The firm has a market cap of $311.72 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.95 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, topping the consensus estimate 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 business's revenue was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $1.66 earnings per share. On average, analysts forecast that GE Aerospace will post 8.14 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

GE Aerospace Profile

GE Aerospace NYSE: GE is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its products support commercial air transport, business and general aviation, military aircraft, and other defense applications. The company also provides engine components, avionics, mechanical systems, digital solutions and maintenance, repair and overhaul services.

GE Aerospace serves airlines, aircraft operators, leasing companies, airframers and government customers worldwide.

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