GE Aerospace $GE Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue reduced its GE Aerospace stake by 3.9% in the third quarter, selling 3,942 shares and retaining 98,286 shares valued at approximately $30.7 million.
• Institutional investors own 74.77% of GE Aerospace, while SVP Mohamed Ali sold 8,096 shares worth about $2.86 million, reducing his direct holdings by 28.15%.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $386.67, although Deutsche Bank recently lowered its target to $377 amid acquisition and valuation concerns.

State of Alaska Department of Revenue lowered its holdings in GE Aerospace (NYSE:GE - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 98,286 shares of the company's stock after selling 3,942 shares during the quarter. State of Alaska Department of Revenue's holdings in GE Aerospace were worth $30,693,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GK Wealth Management LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter worth about $25,000. Paladin Partners LLC purchased a new position in shares of GE Aerospace during the 2nd quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the fourth quarter worth $40,000. Parvin Asset Management LLC purchased a new stake in shares of GE Aerospace in the 2nd quarter worth about $41,000. Finally, Bayban bought a new position in shares of GE Aerospace during the fourth quarter valued at approximately $44,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace News Summary

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

• Positive Sentiment: Analysts and market commentators expect GE Aerospace to deliver solid third-quarter results, supporting renewed interest in the stock ahead of earnings. Investors are focused on revenue, profitability, orders and other operating metrics that could reinforce the company’s growth outlook. Why It’s Time To Load Up on GE Aerospace Stock GE Q3 Earnings on the Horizon
• Positive Sentiment: GE’s expansion plans are receiving government support. The company is investing roughly £27 million alongside up to £33 million in U.K. public funding to expand its Prestwick facility, protect about 850 jobs and create 150 more. The site supports engines used on Boeing 787 aircraft, strengthening GE’s long-term aftermarket business. GE Aerospace to invest in Prestwick expansion
• Positive Sentiment: GE Aerospace also plans to commit $400 million to sourcing and manufacturing activity in India, while a separate foundation initiative will invest $1 million in workforce training in the Dallas-Fort Worth area. These projects support capacity, talent development and regional government relationships. GE Aerospace commits $400 million to India sourcing
• Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported average price target of $386.67 and Susquehanna maintaining a Buy rating with a $430 target. However, GE is also one of the market’s most-watched stocks, which may increase short-term volatility around earnings. GE Aerospace average target price
• Neutral Sentiment: GE’s chief executive is participating in discussions with U.S. officials on aircraft-certification reform. Faster certification could benefit aerospace manufacturers over time, but the immediate financial impact is unclear. Aircraft certification reform discussions
• Negative Sentiment: Deutsche Bank cut its GE Aerospace price target to $377 from $450, signaling reduced upside expectations even though the stock remains above that revised target. GE’s planned $11.75 billion acquisition of Consolidated Precision Products also raises execution and valuation risks, particularly with the stock trading at a premium earnings multiple. Deutsche Bank adjusts GE Aerospace price target

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GE shares. Wells Fargo & Company reduced their price target on GE Aerospace from $390.00 to $380.00 and set an "overweight" rating for the company in a report on Wednesday, September 30th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Wednesday, September 9th. UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. Finally, Weiss Ratings raised shares of GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $386.67.

GE Aerospace Price Performance

NYSE GE traded up $2.40 during trading hours on Thursday, reaching $309.42. The company's stock had a trading volume of 1,353,968 shares, compared to its average volume of 5,065,393. GE Aerospace has a 1 year low of $268.91 and a 1 year high of $388.84. The firm's 50-day moving average price is $332.15 and its 200-day moving average price is $328.11. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $321.04 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.25 and a beta of 1.38.

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

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date is Monday, October 5th. GE Aerospace's dividend payout ratio is currently 22.14%.

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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