GE Aerospace $GE Stock Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its GE Aerospace position by 76.7% in the third quarter, bringing its holdings to 30,000 shares valued at approximately $9.4 million. Institutional investors and hedge funds own 74.77% of the company.
• Wall Street remains broadly bullish, with 16 analysts rating GE Aerospace a Buy, three assigning Hold ratings and one issuing a Sell rating. The consensus rating is “Moderate Buy,” with an average price target of $373.45.
• GE Aerospace exceeded quarterly expectations, reporting $2.25 in earnings per share and $13.29 billion in revenue, while revenue rose 24.7% year over year. The stock opened at $301.58, and the company maintains a quarterly dividend of $0.47 per share.

International Assets Investment Management LLC grew its position in GE Aerospace (NYSE:GE - Free Report) by 76.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the company's stock after acquiring an additional 13,025 shares during the quarter. International Assets Investment Management LLC's holdings in GE Aerospace were worth $9,369,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC grew its position in shares of GE Aerospace by 261.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company's stock valued at $79,830,000 after purchasing an additional 154,429 shares in the last quarter. Christensen King & Associates Investment Services Inc. acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $4,934,000. HWG Holdings LP lifted its position in GE Aerospace by 54.7% during the third quarter. HWG Holdings LP now owns 15,640 shares of the company's stock worth $4,884,000 after buying an additional 5,531 shares in the last quarter. Clough Capital Partners L P lifted its position in GE Aerospace by 37.1% during the first quarter. Clough Capital Partners L P now owns 70,535 shares of the company's stock worth $20,016,000 after buying an additional 19,105 shares in the last quarter. Finally, Ascentis Independent Advisors lifted its position in GE Aerospace by 207.3% during the first quarter. Ascentis Independent Advisors now owns 4,317 shares of the company's stock worth $1,225,000 after buying an additional 2,912 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $375.00 price objective (down from $400.00) on shares of GE Aerospace in a research note on Wednesday, October 21st. Vertical Research reaffirmed a "buy" rating and issued a $400.00 target price on shares of GE Aerospace in a research note on Tuesday, October 20th. JPMorgan Chase & Co. reduced their price target on GE Aerospace from $400.00 to $375.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. Jefferies Financial Group reissued a "buy" rating and set a $425.00 price target on shares of GE Aerospace in a research report on Sunday, October 25th. Finally, Sanford C. Bernstein set a $376.00 price target on shares of GE Aerospace in a research report on Friday, October 23rd. Sixteen equities 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $373.45.

GE Aerospace Stock Down 3.7%

GE stock opened at $301.58 on Friday. The firm has a market cap of $311.64 billion, a PE ratio of 34.78, a PEG ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98. The firm's 50 day moving average price is $317.37 and its 200-day moving average price is $323.12. GE Aerospace has a one year low of $268.91 and a one year high of $388.84.

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

GE Aerospace Announces Dividend

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

Key Headlines Impacting GE Aerospace

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

• Positive Sentiment: GE approved NYCO’s French turbine oil for Boeing 787 GEnx-1B engines following Air France trials. The approval could support engine reliability and broaden GE’s aftermarket and maintenance opportunities. GE approves French turbine oil for Boeing 787 after Air France trials
• Positive Sentiment: A next-generation aircraft test flight over GE Aerospace’s Niskayuna, New York, research center highlights the company’s involvement in future aircraft and propulsion technologies. While not an immediate earnings catalyst, the activity reinforces GE’s long-term innovation pipeline. Future generation of planes test flight
• Positive Sentiment: GE’s engine and services businesses continue to benefit from commercial aviation demand, with analysts still recognizing the strength of its aftermarket franchise despite more cautious expectations. Is GE Aerospace Stock Worth More Than Its Competitors?

About GE Aerospace

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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