GE Aerospace $GE Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in shares of GE Aerospace (NYSE:GE) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 285,448 shares of the company’s stock after selling 61,555 shares during the period. GE Aerospace makes up 1.1% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 27th biggest holding. Douglas Lane & Associates LLC’s holdings in GE Aerospace were worth $89,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Auto Owners Insurance Co raised its stake in shares of GE Aerospace by 52,247.5% during the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after buying an additional 65,595,733 shares in the last quarter. State Street Corp raised its stake in shares of GE Aerospace by 2.6% during the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after buying an additional 1,160,584 shares during the last quarter. Jennison Associates LLC lifted its stake in GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after buying an additional 3,017,937 shares in the last quarter. Invesco Ltd. increased its position in GE Aerospace by 2.1% during the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock worth $2,858,604,000 after buying an additional 189,979 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings 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 purchasing an additional 695,731 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

Shares of GE traded up $1.18 during trading hours on Friday, reaching $306.80. 1,231,987 shares of the company’s stock traded hands, compared to its average volume of 5,102,021. GE Aerospace has a twelve month low of $268.91 and a twelve month 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 business’s fifty day simple moving average is $337.31 and its two-hundred day simple moving average is $327.64. The firm has a market capitalization of $318.32 billion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 2.22 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for 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 firm’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. 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%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GE. Wells Fargo & Company decreased their target price on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 30th. Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Wednesday, September 9th. Melius Research set a $350.00 price target on shares of GE Aerospace and gave the stock a “hold” rating in a research report on Monday, September 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $386.67.

Trending Headlines about GE Aerospace

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

• Positive Sentiment: New engine-program milestone: GE Aerospace highlighted progress on the GEK800 turbofan program with Kratos, supporting the company’s defense and propulsion growth opportunities. GE Aerospace Highlights GEK800 Turbofan Program Milestone with Kratos
• Positive Sentiment: Long-term capacity investment: The company plans to spend $225 million modernizing its research center, a move that could improve technology development and support future aerospace programs. GE Aerospace is investing $225M to modernize research center
• Positive Sentiment: Analyst and institutional support: Susquehanna maintained its Buy rating, while Congress Asset Management purchased 7,007 shares. These actions provide modest evidence of continued confidence in GE’s long-term prospects. Susquehanna Sticks to Its Buy Rating for GE Aerospace
• Positive Sentiment: International defense demand: GE shipped four additional F404 engines for India’s Tejas fighter jets, reinforcing its defense backlog and international customer relationships. GE Aerospace ships 4 more engines for Tejas jets
• Neutral Sentiment: A $1 million GE Aerospace Foundation workforce-training investment in Alabama supports the company’s future labor pipeline but is unlikely to materially affect near-term earnings. Workforce training efforts receive $1 million boost from GE Aerospace Foundation
• Negative Sentiment: Aftermarket weakness and valuation pressure: Mar Vista Investment Partners said a broad commercial aerospace aftermarket sell-off weighed on GE. With GE trading at a relatively elevated P/E ratio near 36, investors appear less willing to pay a premium amid macroeconomic pressures and rising rates. Broad Commercial Aerospace Aftermarket Sell-Off Weighs on GE Aerospace
• Negative Sentiment: Bearish technical setup: Analysts describe GE as being in a bear market and nearing a “death cross,” with continued selling potentially signaling further downside before earnings. GE Aerospace stock is stuck in a bear market as a death cross nears
• Negative Sentiment: GE also faces a competition-tribunal referral over alleged restrictions on independent servicing of medical-imaging equipment. Although the matter concerns a non-aerospace business, it adds regulatory and reputational risk associated with the broader GE corporate name. General Electric Is Facing A Competition Tribunal Referral

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

GE Aerospace Company Profile

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.