GE Aerospace $GE Stock: Weaver Capital Management LLC Increases Stake

Key Points

• Weaver Capital Management increased its GE Aerospace stake by 38.4% during the third quarter, bringing its holdings to 13,711 shares valued at approximately $4.28 million. Institutional investors collectively own 74.77% of the company.
• Analysts remain broadly optimistic ahead of GE Aerospace’s October 20 earnings release, with a consensus “Moderate Buy” rating and average price target of $386.67. However, Deutsche Bank lowered its target to $377 from $450, highlighting valuation and earnings-execution risks.
• GE Aerospace continues to expand its business through a $16 million defense repair contract and planned investments in India and Scotland, while an executive recently sold 8,096 shares for roughly $2.86 million.

Weaver Capital Management LLC increased its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 38.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,711 shares of the company's stock after buying an additional 3,805 shares during the quarter. Weaver Capital Management LLC's holdings in GE Aerospace were worth $4,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GE. GK Wealth Management LLC bought a new stake in shares of GE Aerospace in the 3rd quarter worth $25,000. Paladin Partners LLC purchased a new stake in shares of GE Aerospace in the second quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of GE Aerospace in the fourth quarter valued at about $40,000. Parvin Asset Management LLC purchased a new stake in shares of GE Aerospace in the second quarter valued at about $41,000. Finally, Bayban bought a new position in shares of GE Aerospace during the fourth quarter valued at about $44,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Key GE Aerospace News

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

• Positive Sentiment: GE Aerospace received a $16 million defense order for fighter-jet generator repair work in Vandalia, Ohio. The contract adds to the company’s defense aftermarket activity and provides incremental revenue visibility. GE Aerospace sends $16M defense order for fighter jet repair work to Vandalia
• Positive Sentiment: Analysts and market commentary are constructive ahead of GE Aerospace’s October 20 earnings release. Coverage points to the possibility of solid third-quarter results, while the average analyst target of $386.67 and Susquehanna’s $430 buy-rated target remain well above the recent trading level. Why It’s Time To Load Up on GE Aerospace Stock GE Aerospace Stock Has Average Target Price of $386.67
• Positive Sentiment: GE Aerospace is committing approximately $400 million to sourcing in India and investing £30 million to expand its Prestwick operation, expected to create 150 jobs. These investments could strengthen manufacturing capacity and support long-term growth, though they may increase near-term spending. GE Aerospace commits USD 400 million to India sourcing GE Aerospace to invest £30m in Prestwick expansion
• Positive Sentiment: The GE Aerospace Foundation’s $1 million workforce-training investment in the Dallas-Fort Worth region may help address skilled-labor shortages and support future hiring. North Texas Aerospace Industry Needs Workers
• Neutral Sentiment: GE Aerospace’s CEO participated in discussions with U.S. officials on aircraft-certification reform. Faster approvals could benefit the industry, but the timing and financial impact remain uncertain. US Transportation Secretary meeting with Boeing and GE CEOs
• Negative Sentiment: Deutsche Bank reduced its GE Aerospace price target to $377 from $450, signaling less upside than previously expected. With the stock trading at a high earnings multiple, investors may be particularly sensitive to any earnings miss or cautious guidance. Deutsche Bank Adjusts Price Target on GE Aerospace

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GE shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $450.00 price target on shares of GE Aerospace in a research report on Monday, July 27th. 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. UBS Group increased their price objective 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. Susquehanna reiterated a "positive" rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Finally, Citigroup reissued a "buy" rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $386.67.

GE Aerospace Stock Performance

NYSE GE opened at $312.04 on Friday. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. The company has a 50-day simple moving average of $330.91 and a 200 day simple moving average of $328.32. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The company has a market capitalization of $323.76 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 earnings per share. On average, research analysts predict that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

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 paid a dividend of $0.47 per share. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace's dividend payout ratio (DPR) is presently 22.14%.

GE Aerospace Profile

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.