GE Aerospace $GE Stock: Andrew Hill Investment Advisors Inc. Lowers Holdings

Key Points

• Andrew Hill Investment Advisors cut its GE Aerospace stake by 68.3% in the third quarter, selling 12,045 shares and retaining 5,597 shares valued at approximately $1.75 million.
• GE Aerospace reported strong quarterly results, with EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $373.52 price target, though several firms have recently reduced targets amid valuation concerns and potential industry headwinds.

Andrew Hill Investment Advisors Inc. cut its stake in GE Aerospace (NYSE:GE - Free Report) by 68.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,597 shares of the company's stock after selling 12,045 shares during the quarter. GE Aerospace comprises about 1.4% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 24th biggest position. Andrew Hill Investment Advisors Inc.'s holdings in GE Aerospace were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its position in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company's stock worth $17,377,559,000 after purchasing an additional 1,160,584 shares in the last quarter. Jennison Associates LLC boosted its position in GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company's stock valued at $3,128,850,000 after buying an additional 3,017,937 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of GE Aerospace by 6.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company's stock valued at $2,710,142,000 after acquiring an additional 427,820 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of GE Aerospace by 97.3% during the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company's stock valued at $2,540,592,000 after acquiring an additional 3,352,432 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of GE Aerospace by 10.0% during the first quarter. Bank of America Corp DE now owns 7,664,679 shares of the company's stock worth $2,175,006,000 after acquiring an additional 695,731 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of GE Aerospace in a report on Thursday, October 15th. Citigroup restated a "buy" rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. HC Wainwright set a $375.00 target price on GE Aerospace in a research report on Wednesday. UBS Group reissued a "buy" rating and set a $380.00 price target (up from $377.00) on shares of GE Aerospace in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of GE Aerospace from $400.00 to $375.00 and set an "overweight" rating for the company in a research note on Wednesday. Seventeen 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $373.52.

GE Aerospace Stock Performance

GE stock opened at $285.76 on Friday. The stock's 50 day simple moving average is $322.95 and its 200 day simple moving average is $328.74. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84. The firm has a market cap of $295.29 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.05 and a beta of 1.38. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The company had revenue of $13.29 billion for the quarter, compared to analysts' expectations of $12.88 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The firm's revenue was up 24.7% compared to the same quarter last year. As a group, equities research analysts predict that GE Aerospace will post 8.15 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared 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 0.7%. The ex-dividend date is Monday, October 5th. GE Aerospace's dividend payout ratio is presently 22.14%.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE's Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

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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