GE Aerospace $GE Stock Holdings Decreased by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw reduced its GE Aerospace position by 13.9% in the third quarter, selling 10,725 shares and retaining 66,688 shares valued at approximately $20.8 million. Institutional investors collectively own 74.77% of GE’s stock.
• GE shares fell 0.9% to $306.66, while the company reported quarterly EPS of $2.02 and revenue of $12.63 billion, exceeding analyst expectations. Revenue increased 21.1% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $386.67. GE also announced a quarterly dividend of $0.47 per share, equivalent to a 0.6% yield.

Neville Rodie & Shaw Inc. lessened its holdings in GE Aerospace (NYSE:GE - Free Report) by 13.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,688 shares of the company's stock after selling 10,725 shares during the period. GE Aerospace accounts for approximately 1.5% of Neville Rodie & Shaw Inc.'s holdings, making the stock its 15th biggest position. Neville Rodie & Shaw Inc.'s holdings in GE Aerospace were worth $20,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Auto Owners Insurance Co grew its position in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares in the last quarter. Amundi lifted its holdings in GE Aerospace by 135.2% in the 1st quarter. Amundi now owns 6,119,975 shares of the company's stock worth $1,736,665,000 after purchasing an additional 3,518,278 shares in the last quarter. Jupiter Topco LLC purchased a new position in GE Aerospace in the 2nd quarter worth approximately $1,283,858,000. Wellington Management Group LLP boosted its stake 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 worth $2,540,592,000 after purchasing an additional 3,352,432 shares during the period. Finally, Jennison Associates LLC boosted its stake in GE Aerospace by 37.7% in 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. 74.77% of the stock is owned by institutional investors.

GE Aerospace Trading Down 0.9%

Shares of NYSE:GE traded down $2.90 during trading on Monday, reaching $306.66. The company's stock had a trading volume of 2,084,433 shares, compared to its average volume of 5,112,547. The stock has a market capitalization of $318.18 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The firm's 50 day simple moving average is $341.45 and its two-hundred day simple moving average is $327.33.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, research analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace's payout ratio is 22.14%.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 8,096 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $450.00 price objective on shares of GE Aerospace in a research report on Monday, July 27th. Wells Fargo & Company dropped their target price on shares of GE Aerospace from $390.00 to $380.00 and set an "overweight" rating for the company in a research report on Wednesday, September 30th. UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a "buy" rating and issued a $410.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Finally, TD Cowen reissued a "buy" rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Sixteen equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $386.67.

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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