GE Aerospace $GE Stock Acquired by Mather Group LLC.

Key Points

• Mather Group LLC increased its GE Aerospace stake by 46.5% in the third quarter, bringing its holdings to 47,968 shares valued at approximately $14.98 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace reported strong quarterly results, with EPS of $2.02 and revenue of $12.63 billion, exceeding analyst expectations and marking 21.1% year-over-year revenue growth.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $386.67, though Deutsche Bank cut its target to $377. Shares recently traded at $306.63, while upcoming earnings and the $11.75 billion Consolidated Precision Products acquisition remain key investor catalysts.

Mather Group LLC. boosted its position in GE Aerospace (NYSE:GE - Free Report) by 46.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,968 shares of the company's stock after purchasing an additional 15,226 shares during the quarter. Mather Group LLC.'s holdings in GE Aerospace were worth $14,980,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GK Wealth Management LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at approximately $25,000. Paladin Partners LLC bought a new stake in shares of GE Aerospace during the second quarter valued at approximately $38,000. Parvin Asset Management LLC acquired a new position in shares of GE Aerospace during the second quarter worth approximately $41,000. Markowski Investments acquired a new position in shares of GE Aerospace during the second quarter worth approximately $46,000. Finally, Burkett Financial Services LLC boosted its position in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company's stock worth $47,000 after buying an additional 28 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Key Stories Impacting GE Aerospace

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

• Positive Sentiment: GE Aerospace secured up to £33 million in UK government funding, alongside approximately £27 million from the company, to expand and modernize its Prestwick, Scotland, jet-engine maintenance facility. The project is expected to protect 850 jobs and create 150 more, supporting GE’s long-term aftermarket and maintenance operations. General Electric Wins UK Backing To Expand Prestwick Jet Engine Jobs
• Positive Sentiment: GE plans to increase supply-chain spending in India to $400 million by 2030 and source more components locally. The investment could improve manufacturing flexibility and deepen GE’s presence in a major aerospace-growth market. GE Aerospace to Boost India Supply Chain Spending
• Positive Sentiment: Susquehanna maintained its Buy rating and $430 price target, indicating continued confidence in GE Aerospace’s earnings outlook and valuation despite recent share-price weakness. Susquehanna Keeps Buy Rating
• Neutral Sentiment: GE Aerospace’s chief executive is scheduled to meet the U.S. transportation secretary, along with Boeing’s CEO, to discuss aircraft-certification reform. Faster or more predictable certification could benefit aerospace manufacturers, but the immediate financial impact is uncertain. Aircraft Certification Reform Meeting
• Neutral Sentiment: GE Aerospace will report third-quarter results before the market opens on October 20. The announcement is likely to be the next major catalyst, with investors focused on orders, aftermarket demand, margins and full-year guidance. GE Aerospace Earnings Are Imminent
• Negative Sentiment: Deutsche Bank lowered its GE Aerospace price target to $377 from $450. Although the revised target remains above the recent trading level, the reduction signals more cautious expectations and may weigh on sentiment. Deutsche Bank Adjusts Price Target
• Negative Sentiment: Investor scrutiny remains high after GE agreed to acquire Consolidated Precision Products for $11.75 billion. The deal could strengthen GE’s control over critical castings, but its large cost raises questions about valuation, integration and whether the acquisition can justify GE’s premium multiple. GE Aerospace and the $11.75 Billion Foundry Deal

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GE. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. UBS Group lifted their target price on GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Susquehanna reiterated a "positive" rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $386.67.

GE Aerospace Trading Down 0.3%

GE Aerospace stock opened at $306.63 on Thursday. The firm has a 50 day simple moving average of $332.15 and a 200-day simple moving average of $328.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market capitalization of $318.15 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.25 and a beta of 1.38. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The firm had revenue of $12.63 billion for the quarter, compared to analysts' expectations of $11.87 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. As a group, equities research analysts expect that GE Aerospace will post 7.91 EPS 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. Shareholders of record on Monday, October 5th will be paid 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 presently 22.14%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.