GE Aerospace $GE Shares Newly Purchased by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. initiated a GE Aerospace position by purchasing 7,007 shares valued at approximately $2.19 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in EPS and $12.63 billion in revenue, up 21.1% year over year. The company also declared a quarterly dividend of $0.47 per share, representing a 0.6% annualized yield.
• Analysts remain broadly bullish, with 16 Buy ratings and a consensus price target of $386.67 versus the stock’s reported price of $303.35. Investors are focused on upcoming earnings and whether the company can sustain growth and execution.

Congress Asset Management Co. acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,007 shares of the company's stock, valued at approximately $2,188,000.

Several other institutional investors also recently modified their holdings of GE. Paladin Partners LLC purchased a new stake in GE Aerospace in the second quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $40,000. Parvin Asset Management LLC purchased a new position in shares of GE Aerospace during the second quarter worth approximately $41,000. Bayban purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $44,000. Finally, Markowski Investments bought a new stake in shares of GE Aerospace in the 2nd quarter worth approximately $46,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Price Performance

GE opened at $303.35 on Thursday. 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 stock has a market capitalization of $314.74 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38. The stock's 50 day moving average price is $338.29 and its 200-day moving average price is $327.50. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84.

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

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be given 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 is Monday, October 5th. GE Aerospace's dividend payout ratio (DPR) is 22.14%.

More GE Aerospace News

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

• Positive Sentiment: F404 engine deliveries remain on schedule: GE Aerospace shipped four additional F404 engines for India’s LCA Mk-1A Tejas fighter aircraft in September, keeping its planned 20-engine delivery target on track. The update supports execution on an important defense program and improves visibility for future deliveries. GE Aerospace ships four more F404 engines for Tejas GE Aerospace boosts supply outlook GE Aerospace delivers engines for LCA Mk-1A
• Positive Sentiment: Dividend declared: GE Aerospace declared a quarterly dividend of $0.47 per share, providing continued shareholder returns and reinforcing confidence in the company’s cash-generation outlook. GE Aerospace declares dividend
• Positive Sentiment: Workforce investment supports long-term capacity: An aerospace foundation committed $1 million to Alabama workforce training, a potentially favorable development for the industry’s labor pipeline and GE’s regional manufacturing ecosystem, although the direct financial impact on GE is limited. Aerospace foundation commits to Alabama workforce training
• Neutral Sentiment: Investors are focused on October earnings: Recent trading commentary highlights positioning ahead of GE Aerospace’s October results. The company previously exceeded quarterly revenue and EPS expectations, but the shares’ premium valuation leaves the stock sensitive to guidance, order trends and execution updates. GE Aerospace stock ahead of October earnings
• Neutral Sentiment: Former GE executive joins Certivo: Former GE Vice Chairman and CFO Jeff Bornstein was appointed to Certivo’s board. The move is not expected to have a material direct effect on GE Aerospace’s fundamentals. Certivo appoints former GE executive

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 20,666 shares of the company's stock, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $450.00 price target on shares of GE Aerospace in a research note on Monday, July 27th. UBS Group upped their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Finally, Susquehanna reaffirmed a "positive" rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Sixteen equities research 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $386.67.

GE Aerospace Profile

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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