GE Aerospace $GE Stock: Greenup Street Wealth Management LLC Increases Position

Greenup Street Wealth Management LLC boosted its stake in shares of GE Aerospace (NYSE:GE) by 939.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,023 shares of the company’s stock after buying an additional 9,059 shares during the period. Greenup Street Wealth Management LLC’s holdings in GE Aerospace were worth $3,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GE. Burkett Financial Services LLC increased its stake 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 worth $47,000 after acquiring an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. raised its holdings in shares of GE Aerospace by 3.2% during the 2nd 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 holdings in shares of GE Aerospace by 4.4% during the 2nd 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 boosted its position in shares of GE Aerospace by 3.1% during the 2nd quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after acquiring an additional 32 shares during the last quarter. Finally, United Community Bank boosted its position in shares of GE Aerospace by 10.1% during the 2nd quarter. United Community Bank now owns 361 shares of the company’s stock valued at $135,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace News Summary

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

• Positive Sentiment: GE approved NYCO’s French turbine oil for Boeing 787 GEnx-1B engines following Air France trials. The approval could support engine reliability and broaden GE’s aftermarket and maintenance opportunities. GE approves French turbine oil for Boeing 787 after Air France trials
• Positive Sentiment: A next-generation aircraft test flight over GE Aerospace’s Niskayuna, New York, research center highlights the company’s involvement in future aircraft and propulsion technologies. While not an immediate earnings catalyst, the activity reinforces GE’s long-term innovation pipeline. Future generation of planes test flight
• Positive Sentiment: GE’s engine and services businesses continue to benefit from commercial aviation demand, with analysts still recognizing the strength of its aftermarket franchise despite more cautious expectations. Is GE Aerospace Stock Worth More Than Its Competitors?

GE Aerospace Trading Down 3.7%

Shares of GE Aerospace stock opened at $301.58 on Friday. The stock has a 50 day moving average of $317.37 and a 200 day moving average of $323.12. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.68 and a current ratio of 0.98. The firm has a market capitalization of $311.64 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.13 and a beta of 1.38. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week high of $388.84.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 20th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. The company had revenue of $13.29 billion for the quarter, compared to the consensus estimate of $12.88 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, research analysts predict that GE Aerospace will post 8.16 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 21.68%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GE. Sanford C. Bernstein set a $376.00 price objective on shares of GE Aerospace in a report on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $410.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. Royal Bank Of Canada set a $376.00 target price on shares of GE Aerospace in a research note on Friday, October 23rd. Susquehanna decreased their target price on shares of GE Aerospace from $430.00 to $400.00 and set a “positive” rating on the stock in a report on Wednesday, October 21st. Finally, Guggenheim set a $380.00 price target on shares of GE Aerospace in a research note on Wednesday, October 21st. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.45.

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.