Valley National Advisers Inc. Buys 6,983 Shares of GE Aerospace $GE

Key Points

• Valley National Advisers increased its GE Aerospace stake by 411.2% in the third quarter, purchasing 6,983 additional shares and bringing its holdings to 8,681 shares valued at approximately $2.71 million.
• Institutional ownership remains high at 74.77%, with major investors including State Street, Jennison Associates, Bank of America, UBS Asset Management and Wellington Management increasing their positions.
• GE Aerospace reported stronger-than-expected quarterly results, with EPS of $2.25 and revenue of $13.29 billion, while analysts maintain a “Moderate Buy” consensus and an average price target of $373.52. The company also declared a quarterly dividend of $0.47 per share.

Valley National Advisers Inc. increased its stake in GE Aerospace (NYSE:GE - Free Report) by 411.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,681 shares of the company's stock after buying an additional 6,983 shares during the quarter. Valley National Advisers Inc.'s holdings in GE Aerospace were worth $2,711,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GE. State Street Corp grew its position in GE Aerospace by 2.6% in the second quarter. State Street Corp now owns 46,497,628 shares of the company's stock valued at $17,377,559,000 after acquiring an additional 1,160,584 shares in the last quarter. Jennison Associates LLC raised its stake in shares of GE Aerospace by 37.7% during 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 during the period. Bank of America Corp DE raised its stake in shares of GE Aerospace by 10.0% during the first quarter. Bank of America Corp DE now owns 7,664,679 shares of the company's stock valued at $2,175,006,000 after purchasing an additional 695,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of GE Aerospace by 6.3% during the second 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. Finally, Wellington Management Group LLP lifted its position in shares of GE Aerospace by 97.3% during the second 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. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE opened at $285.76 on Friday. The company 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. The company has a 50-day moving average of $322.95 and a 200-day moving average of $328.74. 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 1-year low of $268.91 and a 1-year high of $388.84.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.01 by $0.24. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. The business had revenue of $13.29 billion for the quarter, compared to analysts' expectations of $12.88 billion. During the same quarter last year, the company posted $1.66 earnings per share. The company's quarterly revenue was up 24.7% compared to the same quarter last year. Equities analysts expect that GE Aerospace will post 8.15 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 issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace's payout ratio is currently 21.68%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GE. 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. Wells Fargo & Company dropped their price target 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. Weiss Ratings reiterated a "buy (b)" rating on shares of GE Aerospace in a report on Thursday, October 15th. Melius Research set a $350.00 price objective on shares of GE Aerospace and gave the stock a "hold" rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $410.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $373.52.

More GE Aerospace News

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 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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