GE Aerospace $GE Stock: First Citizens Bank & Trust Co. Increases Holdings

Key Points

• Institutional ownership increased: First Citizens Bank & Trust Co. more than doubled its GE Aerospace stake to 26,614 shares, while institutional investors collectively own 74.77% of the company.
• Strong operating results: GE Aerospace reported quarterly EPS of $2.02 versus a $1.86 estimate, with revenue up 21.1% year over year to $12.63 billion. The company also declared a quarterly dividend of $0.47 per share.
• Analyst sentiment remains positive but mixed: The stock has a “Moderate Buy” consensus rating and an average price target of $386.67, though Deutsche Bank recently cut its target to $377. Investors are also watching third-quarter earnings and GE’s planned $11.75 billion acquisition of Consolidated Precision Products.

First Citizens Bank & Trust Co. raised its stake in GE Aerospace (NYSE:GE - Free Report) by 120.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,614 shares of the company's stock after buying an additional 14,521 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in GE Aerospace were worth $8,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its position in GE Aerospace by 2.6% in the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company's stock valued at $17,377,559,000 after acquiring an additional 1,160,584 shares in the last quarter. Jennison Associates LLC increased its holdings 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 in the last quarter. Invesco Ltd. increased its holdings in GE Aerospace by 2.1% during the 4th quarter. Invesco Ltd. now owns 9,280,276 shares of the company's stock worth $2,858,604,000 after purchasing an additional 189,979 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of GE Aerospace by 6.3% in the 2nd 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 purchasing an additional 427,820 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of 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 purchasing an additional 3,352,432 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Down 0.2%

GE stock opened at $308.12 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $333.64 and a two-hundred day moving average price of $327.96. The company has a market cap of $319.69 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 2.25 and a beta of 1.38. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share 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 analyst estimates of $11.87 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. The business's quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts anticipate 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 $0.47 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: Susquehanna maintained a Buy rating and a $430 price target, implying substantial upside from recent trading levels. The bullish view reflects confidence in GE Aerospace’s commercial-engine franchise and earnings growth outlook. Susquehanna keeps Buy rating for GE Aerospace stock at USD 430.00 target
• Positive Sentiment: GE Aerospace secured up to £33 million in government funding, alongside approximately £27 million of company investment, to expand its Prestwick, Scotland, maintenance facility. The project is expected to protect 850 jobs and create 150 more, strengthening GE’s aftermarket and engine-maintenance footprint. General Electric wins UK backing to expand Prestwick jet engine jobs
• Positive Sentiment: The company plans to increase India supply-chain spending to roughly $400 million by 2030. Management expects stronger aircraft demand and greater local sourcing to support long-term production capacity and regional growth. GE Aerospace to boost India supply chain spending to $400 million by 2030
• Positive Sentiment: A memorandum with Shield AI and Poland’s WZL-2 could expand GE’s defense-engine maintenance opportunities, including support for autonomous fighter aircraft and F110 engines. GE Aerospace, Shield AI, and Poland’s WZL-2 sign MOU
• Neutral Sentiment: GE Aerospace is scheduled to report third-quarter earnings before the market opens on October 20. The release is the next major catalyst, with investors focused on orders, commercial-engine demand, aftermarket activity, margins and full-year guidance. GE Aerospace earnings are imminent
• Negative Sentiment: Deutsche Bank lowered its price target to $377 from $450. Although the revised target remains above recent prices, the reduction signals more cautious valuation expectations and weighs on sentiment. Deutsche Bank adjusts price target on GE Aerospace
• Negative Sentiment: Investors are also assessing GE’s planned $11.75 billion acquisition of Consolidated Precision Products. The deal could improve supply-chain control and support growth, but its size raises questions about integration, execution and whether the purchase can justify GE’s premium valuation.

Analyst Ratings Changes

Several research firms have recently weighed in on GE. Citigroup reaffirmed a "buy" rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. 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 report on Monday, July 20th. Weiss Ratings upgraded shares of GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 17th. Jefferies Financial Group set a $435.00 price objective on shares of GE Aerospace and gave the stock a "buy" rating in a research report on Wednesday, September 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $386.67.

Insider Buying and Selling

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares of the company's stock, valued at $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by corporate insiders.

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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