GE Aerospace $GE Stock: Compass Financial Management LLC Reduces Position

Key Points

• Compass Financial Management cut its GE Aerospace stake by 29.6% in the third quarter, selling 6,199 shares; it retained 14,777 shares valued at about $4.6 million.
• GE Aerospace reported quarterly earnings of $2.25 per share, above the $2.01 consensus, while revenue rose 24.7% year over year to $13.29 billion.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $373.45; the article also notes strong commercial-engine demand and a new U.S. Navy engine contract, alongside additional GEnx inspections after reports of premature turbine-blade cracks.

Compass Financial Management LLC reduced its position in shares of GE Aerospace (NYSE:GE - Free Report) by 29.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,777 shares of the company's stock after selling 6,199 shares during the period. Compass Financial Management LLC's holdings in GE Aerospace were worth $4,615,000 as of its most recent SEC filing.

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

Trending Headlines about GE Aerospace

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

• Positive Sentiment: GE Aerospace will supply LM2500 marine gas turbines for two U.S. Navy Flight III destroyers. The reports say the ships will use eight GE gas turbine engines in total, adding defense business and potential follow-on service work. GE Aerospace to Supply Engines for Two US Navy Flight III Destroyers
• Positive Sentiment: Commercial engine demand remains a tailwind: GE’s commercial segment is seeing strong orders and services activity for LEAP, GEnx and GE9X engines. CFM International, GE’s joint venture with Safran, also secured large LEAP engine agreements, including orders tied to IndiGo and Turkish Airlines fleets. GE's Commercial Engines Segment Gains Momentum: Can It Sustain?
• Neutral Sentiment: Call-option trading in GE was unusually active, with volume reported at 161% above its average. This may signal bullish positioning, but options activity is speculative and does not by itself confirm improved fundamentals. GE Aerospace options activity
• Negative Sentiment: GE Aerospace revised inspection guidance for certain GEnx-1B engines after a study reported premature cracks in some turbine blades. Additional checks could create maintenance and scheduling burdens for airlines and raise near-term uncertainty, although the reports do not quantify a financial impact. General Electric (GE) Updates Engine Checks After Study Flags Early Blade Cracks

GE Aerospace Price Performance

Shares of GE opened at $329.91 on Thursday. The stock has a 50 day simple moving average of $315.88 and a 200 day simple moving average of $323.12. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The firm has a market capitalization of $340.91 billion, a PE ratio of 38.05, a P/E/G ratio of 2.18 and a beta of 1.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $12.88 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. The company's revenue was up 24.7% on a year-over-year basis. Sell-side analysts predict that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, October 5th. GE Aerospace's dividend payout ratio (DPR) is currently 21.68%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group restated a "buy" rating and issued a $425.00 target price on shares of GE Aerospace in a research note on Sunday, October 25th. BNP Paribas Exane reduced their price objective on shares of GE Aerospace from $305.00 to $280.00 and set an "underperform" rating for the company in a research note on Wednesday, October 21st. The Goldman Sachs Group restated a "buy" rating and set a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $378.00 target price on shares of GE Aerospace in a research note on Wednesday, October 21st. Finally, TD Cowen restated a "buy" rating and set a $380.00 price target (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $373.45.

GE Aerospace Company Profile

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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