Simplicity Wealth LLC Purchases 17,172 Shares of GE Aerospace $GE

Key Points

• Simplicity Wealth LLC increased its GE Aerospace stake by 248.8% in the third quarter, adding 17,172 shares for a total holding of 24,073 shares valued at approximately $7.5 million. Institutional investors collectively own 74.77% of the company.
• GE Aerospace exceeded third-quarter expectations with adjusted EPS of $2.25 and revenue of $13.29 billion, up 24.7% year over year, while raising its full-year guidance. Defense and propulsion orders also grew strongly, supporting the company’s outlook.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $373.52, but several firms have recently cut targets amid valuation concerns, high jet-fuel prices and anticipated GE9X transition costs. Shares opened at $285.76, down 2.7%.

Simplicity Wealth LLC grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 248.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,073 shares of the company's stock after buying an additional 17,172 shares during the quarter. Simplicity Wealth LLC's holdings in GE Aerospace were worth $7,518,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GE. State Street Corp grew its stake in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company's stock valued at $17,377,559,000 after purchasing an additional 1,160,584 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of 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 purchasing an additional 3,017,937 shares in the last quarter. Bank of America Corp DE increased its stake 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 valued at $2,175,006,000 after buying an additional 695,731 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 buying an additional 427,820 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of GE Aerospace by 97.3% during 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. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Melius Research set a $350.00 price objective on shares of GE Aerospace and gave the company a "hold" rating in a research note on Monday, September 14th. Vertical Research reaffirmed a "buy" rating and issued a $400.00 price objective on shares of GE Aerospace in a research note on Tuesday. Sanford C. Bernstein set a $376.00 price target on GE Aerospace in a research note on Friday. Citigroup restated a "buy" rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company dropped their price objective on shares of GE Aerospace from $390.00 to $380.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 30th. Seventeen equities research 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. According to MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $373.52.

GE Aerospace News Summary

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

• Positive Sentiment: GE Aerospace beat third-quarter expectations for the eighth consecutive quarter, reporting adjusted EPS of $2.25 versus the $2.01 consensus and revenue of $13.29 billion, up 24.7% year over year. The company also raised its full-year guidance. GE Aerospace Reports Strong Earnings Again
• Positive Sentiment: Defense and Propulsion Technologies remains a bright spot, with revenue growth of 7% and orders up 18%, supported by military-engine demand and defense contracts. GE's Defense & Propulsion Strength Seems Firm
• Positive Sentiment: Management expects to deliver more than 3,200 engines in South Asia over the next decade, highlighting a substantial long-term commercial opportunity. GE is also increasing engine deliveries as Boeing targets higher 787 production. GE Aerospace South Asia Engine Delivery Plans
• Neutral Sentiment: Several research reports remain bullish, citing strong aftermarket demand, execution improvements and GE’s leading position in aero engines. However, the stock’s elevated valuation means further gains may require continued earnings upgrades. Strong Aftermarket Demand and Improving Execution
• Negative Sentiment: Bernstein lowered its price target to $376 from $421, while Susquehanna, JPMorgan, BNP Paribas Exane and RBC also issued cautious views or reduced expectations. The cluster of target cuts is weighing on sentiment. Bernstein Lowers GE Aerospace Price Target
• Negative Sentiment: Analysts are concerned that high jet-fuel prices could pressure airline profitability and delay engine purchases. Investors are also factoring in projected 2027 transition costs associated with the GE9X production ramp, despite GE’s large services backlog. Why GE Aerospace Stock Keeps Going Down

GE Aerospace Stock Down 2.7%

Shares of NYSE GE opened at $285.76 on Friday. GE Aerospace has a one year low of $268.91 and a one year high of $388.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The firm's 50 day simple moving average is $322.95 and its two-hundred day simple moving average is $328.74. The stock has a market capitalization of $295.29 billion, a P/E ratio of 32.96, a PEG ratio of 1.99 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.24. The business had revenue of $13.29 billion during the quarter, compared to the consensus estimate of $12.88 billion. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The firm's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, analysts expect that GE Aerospace will post 8.15 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.7%. GE Aerospace's payout ratio is 21.68%.

About GE Aerospace

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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