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

Valley National Advisers Inc. grew its holdings in shares of GE Aerospace (NYSE:GE) by 411.2% during the third quarter, Holdings Channel reports. The firm owned 8,681 shares of the company’s stock after acquiring 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.

Other large investors also recently modified their holdings of the company. Burkett Financial Services LLC boosted its holdings in shares of GE Aerospace by 28.9% in the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 28 shares during the period. BOK Financial Private Wealth Inc. raised its stake in GE Aerospace by 3.2% during the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock worth $359,000 after acquiring an additional 30 shares during the period. Gradient Investments LLC raised its stake in GE Aerospace by 4.4% during the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock worth $286,000 after acquiring an additional 32 shares during the period. Kinloch Capital LLC raised its stake in GE Aerospace by 3.1% during the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock worth $403,000 after acquiring an additional 32 shares during the period. Finally, United Community Bank raised its stake in GE Aerospace by 10.1% during the second quarter. United Community Bank now owns 361 shares of the company’s stock worth $135,000 after acquiring an additional 33 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Trading Down 2.7%

GE Aerospace stock opened at $285.76 on Friday. The firm has a 50 day simple moving average of $322.95 and a 200-day simple moving average of $328.74. 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 stock has a market capitalization of $295.29 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.38. GE Aerospace has a 12-month low of $268.91 and a 12-month high of $388.84.

GE Aerospace (NYSE:GE) last announced its 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 return on equity of 44.43% and a net margin of 17.31%. The firm had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, equities research analysts expect that GE Aerospace will post 8.15 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 21.68%.

GE Aerospace News Roundup

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

Analyst Ratings Changes

A number of brokerages have commented on GE. JPMorgan Chase & Co. decreased their target price on GE Aerospace from $400.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday. Vertical Research reiterated a “buy” rating and set a $400.00 price target on shares of GE Aerospace in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, October 15th. Morgan Stanley restated an “overweight” rating and set a $375.00 price objective (down from $400.00) on shares of GE Aerospace in a research report on Wednesday. Finally, Susquehanna reduced their price objective on GE Aerospace from $430.00 to $400.00 and set a “positive” rating for the company in a research report on Wednesday. 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 company’s stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $373.52.

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.