GE Aerospace $GE Stake Trimmed by Strategy Asset Managers LLC

Key Points

• Strategy Asset Managers LLC cut its GE Aerospace stake by 84.3% in the third quarter, selling 3,712 shares and retaining 692 shares valued at approximately $216,000. Institutional investors collectively own 74.77% of the company.
• Wall Street remains generally bullish, with 16 Buy ratings, three Holds and one Sell; the consensus is Moderate Buy with an average price target of $386.67, although Deutsche Bank recently lowered its target to $377 from $450.
• GE Aerospace reported better-than-expected quarterly results, with EPS of $2.02 and revenue of $12.63 billion, while declaring a quarterly dividend of $0.47 per share. The stock opened at $312.04, below its $386.67 consensus target.

Strategy Asset Managers LLC lowered its holdings in GE Aerospace (NYSE:GE - Free Report) by 84.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 692 shares of the company's stock after selling 3,712 shares during the quarter. Strategy Asset Managers LLC's holdings in GE Aerospace were worth $216,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Auto Owners Insurance Co increased its stake in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock valued at $2,024,413,000 after buying an additional 65,595,733 shares during the period. Amundi lifted its stake in GE Aerospace by 135.2% in the first quarter. Amundi now owns 6,119,975 shares of the company's stock worth $1,736,665,000 after acquiring an additional 3,518,278 shares during the period. Jupiter Topco LLC purchased a new stake in GE Aerospace in the second quarter worth $1,283,858,000. Wellington Management Group LLP lifted its stake in GE Aerospace by 97.3% in the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company's stock worth $2,540,592,000 after acquiring an additional 3,352,432 shares during the period. Finally, 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 acquiring an additional 3,017,937 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president directly owned 20,666 shares of the company's stock, valued at $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GE has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of GE Aerospace from $390.00 to $380.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 30th. The Goldman Sachs Group restated a "buy" rating and issued a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Melius Research set a $350.00 target price on shares of GE Aerospace and gave the stock a "hold" rating in a research report on Monday, September 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Finally, UBS Group lifted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, July 17th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $386.67.

GE Aerospace Stock Up 1.6%

GE stock opened at $312.04 on Friday. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The business's 50 day moving average price is $330.91 and its two-hundred day moving average price is $328.32. 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 company has a market capitalization of $323.76 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion during 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 business's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 EPS. As a group, analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company 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. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace's payout ratio is currently 22.14%.

GE Aerospace News Roundup

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

• Positive Sentiment: GE Aerospace received a $16 million defense order for fighter-jet generator repair work in Vandalia, Ohio. The contract adds to the company’s defense aftermarket activity and provides incremental revenue visibility. GE Aerospace sends $16M defense order for fighter jet repair work to Vandalia
• Positive Sentiment: Analysts and market commentary are constructive ahead of GE Aerospace’s October 20 earnings release. Coverage points to the possibility of solid third-quarter results, while the average analyst target of $386.67 and Susquehanna’s $430 buy-rated target remain well above the recent trading level. Why It’s Time To Load Up on GE Aerospace Stock GE Aerospace Stock Has Average Target Price of $386.67
• Positive Sentiment: GE Aerospace is committing approximately $400 million to sourcing in India and investing £30 million to expand its Prestwick operation, expected to create 150 jobs. These investments could strengthen manufacturing capacity and support long-term growth, though they may increase near-term spending. GE Aerospace commits USD 400 million to India sourcing GE Aerospace to invest £30m in Prestwick expansion
• Positive Sentiment: The GE Aerospace Foundation’s $1 million workforce-training investment in the Dallas-Fort Worth region may help address skilled-labor shortages and support future hiring. North Texas Aerospace Industry Needs Workers
• Neutral Sentiment: GE Aerospace’s CEO participated in discussions with U.S. officials on aircraft-certification reform. Faster approvals could benefit the industry, but the timing and financial impact remain uncertain. US Transportation Secretary meeting with Boeing and GE CEOs
• Negative Sentiment: Deutsche Bank reduced its GE Aerospace price target to $377 from $450, signaling less upside than previously expected. With the stock trading at a high earnings multiple, investors may be particularly sensitive to any earnings miss or cautious guidance. Deutsche Bank Adjusts Price Target on GE Aerospace

About GE Aerospace

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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