Grant Private Wealth Management Inc Purchases 4,075 Shares of GE Aerospace $GE

Key Points

• Grant Private Wealth Management bought 4,075 GE Aerospace shares worth approximately $1.27 million during the third quarter. Institutional investors and hedge funds collectively own 74.77% of GE’s stock.
• GE Aerospace is benefiting from strong aerospace demand, including a Turkish Airlines–CFM agreement covering more than 600 LEAP-1B engines and continued aftermarket growth. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $386.67.
• Shares opened at $313.79, while the company trades at a premium valuation with a price-to-earnings ratio of 36.96. Investors also face near-term earnings risk, as options-market positioning signals caution and rising costs could pressure margins.

Grant Private Wealth Management Inc purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,075 shares of the company's stock, valued at approximately $1,273,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its holdings 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 period. Jennison Associates LLC lifted its holdings in GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company's stock valued at $3,128,850,000 after acquiring an additional 3,017,937 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 worth $2,710,142,000 after purchasing 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 worth $2,540,592,000 after purchasing an additional 3,352,432 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in GE Aerospace by 10.0% in the 1st quarter. Bank of America Corp DE now owns 7,664,679 shares of the company's stock worth $2,175,006,000 after purchasing an additional 695,731 shares in 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: Turkish Airlines and CFM International signed a memorandum covering more than 600 LEAP-1B engines, including 300 engines for up to 150 Boeing 737 MAX aircraft, long-term services and material support for a future maintenance facility. The agreement reinforces GE’s long-term engine and aftermarket opportunity. Turkish Airlines and CFM sign MOU for more than 600 LEAP-1B engines
• Positive Sentiment: Bernstein reiterated a Buy rating and its $421 price target, citing resilient aftermarket demand and continued LEAP engine growth. GE Aerospace analyst rating and price target
• Positive Sentiment: Analysts expect third-quarter results to reflect solid commercial and defense demand, with growth potentially supported by GE’s large installed engine base and service revenue. How to Approach GE Aerospace Stock Ahead of Its Q3 Earnings Release?
• Positive Sentiment: GE awarded a $16 million defense-related fighter-jet generator repair order to its Vandalia, Ohio, operation, providing a modest boost to defense backlog and facility utilization.
• Neutral Sentiment: Morgan Stanley said aerospace and defense demand remains intact despite softer investor sentiment across the sector, suggesting fundamentals are holding up even as market enthusiasm cools. Aerospace, Defense Stocks' Demand Intact Despite Softer Sentiment
• Neutral Sentiment: GE’s foundation plans to invest $1 million in Dallas-Fort Worth aviation workforce training, while the company is also pursuing international sourcing and facility investments. These initiatives may support long-term capacity but have limited near-term earnings impact.
• Negative Sentiment: The options market is positioned for GE shares to decline following the earnings release, signaling caution ahead of a potentially volatile report. Ahead of GE Aerospace Earnings, Here's What Barchart Data Says Comes Next for GE Stock
• Negative Sentiment: Although growth expectations are favorable, GE trades at a premium valuation and faces rising costs. Any earnings miss, cautious guidance or margin pressure could prompt profit-taking.

GE Aerospace Stock Down 0.0%

Shares of NYSE GE opened at $313.79 on Monday. GE Aerospace has a 52-week low of $268.91 and a 52-week high of $388.84. 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 company's 50-day simple moving average is $329.77 and its 200-day simple moving average is $328.61. The firm has a market cap of $325.58 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The business's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 earnings per share. Equities analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be paid 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 dividend payout ratio is currently 22.14%.

Analyst Ratings Changes

GE has been the subject of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a report on Friday. TD Cowen reissued a "buy" rating and set a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $386.67.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm's stock in a transaction 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 transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.19% of the company's stock.

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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