RWQ Financial Management Services Inc. Sells 27,112 Shares of GE Aerospace $GE

Key Points

• RWQ Financial Management Services cut its GE Aerospace stake by 72.4% in the third quarter, selling 27,112 shares and retaining 10,335 shares valued at approximately $3.23 million. Institutional investors collectively own 74.77% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $386.67, compared with GE Aerospace’s trading price of $312.46.
• GE Aerospace reported quarterly earnings and revenue above expectations, with earnings per share of $2.02 and revenue of $12.63 billion, while declaring a quarterly dividend of $0.47 per share.

RWQ Financial Management Services Inc. lowered its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 72.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,335 shares of the company's stock after selling 27,112 shares during the period. GE Aerospace makes up 1.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 23rd biggest holding. RWQ Financial Management Services Inc.'s holdings in GE Aerospace were worth $3,228,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. GK Wealth Management LLC acquired a new position in shares of GE Aerospace in the third quarter valued at $25,000. Clark Wealth Partners lifted its holdings in shares of GE Aerospace by 70.1% during the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company's stock worth $36,000 after acquiring an additional 47 shares during the period. Paladin Partners LLC acquired a new stake in shares of GE Aerospace during the 2nd quarter valued at about $38,000. Parvin Asset Management LLC acquired a new stake in shares of GE Aerospace during the 2nd quarter valued at about $41,000. Finally, Bayban acquired a new stake in shares of GE Aerospace during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on GE shares. TD Cowen reaffirmed a "buy" rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Wells Fargo & Company lowered their price target on GE Aerospace from $390.00 to $380.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Jefferies Financial Group set a $435.00 target price on shares of GE Aerospace and gave the company a "buy" rating in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $410.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $386.67.

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction on 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 sale, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by company insiders.

GE Aerospace Trading Down 0.4%

GE Aerospace stock traded down $1.37 during trading hours on Monday, reaching $312.46. 1,954,248 shares of the company's stock traded hands, compared to its average volume of 5,058,613. The firm has a market capitalization of $324.20 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 2.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84. The firm's 50 day moving average is $329.77 and its 200-day moving average is $328.61.

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 analysts' consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. GE Aerospace's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, analysts predict that GE Aerospace will post 7.91 earnings per share 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 $0.47 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace's dividend payout ratio is 22.14%.

Key GE Aerospace News

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

• Positive Sentiment: GE Aerospace is expected to report solid third-quarter revenue and earnings growth after beating estimates and raising guidance in the previous quarter. Another beat or an increase to full-year guidance could provide a catalyst for the shares. GE Aerospace earnings preview
• Positive Sentiment: Industry demand remains supportive, with GE Aerospace and RTX positioned to benefit from strong commercial-aircraft engine, aftermarket, and defense activity. Investors will focus on orders, services growth, margins, and production plans. Aerospace and defense earnings outlook
• Positive Sentiment: GE Aerospace’s joint venture signed an engine and services agreement with Turkish Airlines, while the company also announced an expansion in Prestwick, Scotland. The developments support longer-term engine support revenue and international operating capacity. Turkish Airlines agreement
• Positive Sentiment: GE Aerospace plans to acquire castings supplier Consolidated Precision Products for approximately $11.75 billion, potentially improving supply-chain control and supporting production growth. The size of the transaction also raises integration and capital-allocation considerations. Consolidated Precision Products acquisition
• Neutral Sentiment: Analysts and investors are comparing GE Aerospace’s performance with aerospace peers such as Howmet, while broader market sentiment has improved ahead of a busy earnings week. Aerospace peer performance
• Negative Sentiment: Melius reduced its price target to $350 from $432, signaling less upside after the stock’s strong multiyear run. The shares also trade at a demanding valuation, and technical analysts warn of a potential “death cross.” Melius price-target cut
• Negative Sentiment: Because the market already expects another earnings beat and guidance increase, merely meeting expectations may not be enough to lift GE Aerospace. Any disappointment on margins, deliveries, cash flow, or outlook could pressure the stock. GE Aerospace earnings expectations

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.

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.