VCI Wealth Management LLC acquired a new stake in shares of GE Aerospace (NYSE:GE – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,756 shares of the company’s stock, valued at approximately $3,984,000. GE Aerospace makes up approximately 1.0% of VCI Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of GE Aerospace by 2.6% in the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after buying an additional 1,160,584 shares in the last quarter. Jennison Associates LLC grew its position in shares of GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after buying an additional 3,017,937 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 worth $2,710,142,000 after buying an additional 427,820 shares during the last quarter. Wellington Management Group LLP grew its position in shares of GE Aerospace by 97.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock worth $2,540,592,000 after buying an additional 3,352,432 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of GE Aerospace by 10.0% during the 1st quarter. Bank of America Corp DE now owns 7,664,679 shares of the company’s stock worth $2,175,006,000 after acquiring an additional 695,731 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Trending Headlines about GE Aerospace
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE’s installed base of approximately 80,000 commercial and military engines provides a substantial competitive advantage and recurring aftermarket revenue opportunity. A comparison with SpaceX frames GE as a more established aerospace investment for 2027. GE Aerospace vs. SpaceX: Which Flight Giant’s Stock Is a Better Buy for 2027?
- Positive Sentiment: Jim Cramer reportedly recommended buying GE while arguing that Boeing’s operational problems may persist, highlighting a potentially favorable competitive position for GE Aerospace. Cramer thinks Boeing’s problems aren’t going away soon, says buy GE
- Positive Sentiment: State Street’s Industrial Select Sector SPDR fund bought $178.6 million across its holdings, increasing its position in GE along with the rest of the portfolio. The purchase signals continued institutional exposure to the industrial sector and GE. What State Street Industrial Select SPDR Bought: GE Leads on Thursday
- Positive Sentiment: Recent quarterly results reportedly included updated information on operating performance and the share-repurchase program, giving investors additional evidence to assess earnings momentum and capital returns. General Electric Earnings Put Its Fair Value Back In Focus
- Neutral Sentiment: Discussion of GE versus competitors and its potential relative performance after the U.S. midterm election provides broader context, but does not identify a new company-specific catalyst. Head-To-Head Contrast: GE Aerospace vs. Its Competitors
- Negative Sentiment: GE was cited among industrial holdings that weighed on Bristol Gate Capital Partners’ equity strategy, reflecting broader weakness in industrial stocks rather than a clearly identified deterioration in GE’s fundamentals. GE Aerospace Falls Alongside Industrials
GE Aerospace Price Performance
Shares of NYSE GE opened at $315.38 on Tuesday. 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 company has a market cap of $325.90 billion, a PE ratio of 36.38, a P/E/G ratio of 2.05 and a beta of 1.38. The business has a 50-day simple moving average of $316.70 and a two-hundred day simple moving average of $323.07. GE Aerospace has a fifty-two week low of $268.91 and a fifty-two week 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 earnings per share for the quarter, topping 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 business had revenue of $13.29 billion for the quarter, compared to analyst estimates of $12.88 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. As a group, equities analysts expect that GE Aerospace will post 8.16 EPS for the current fiscal year.
GE Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were paid a $0.47 dividend. The ex-dividend date was Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s dividend payout ratio (DPR) is 21.68%.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on GE shares. Royal Bank Of Canada set a $376.00 target price on shares of GE Aerospace in a research report on Friday, October 23rd. UBS Group restated a “buy” rating and issued a $380.00 target price (up from $377.00) on shares of GE Aerospace in a research note on Wednesday, October 21st. TD Cowen reaffirmed a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $375.00 price target (down from $400.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Finally, HC Wainwright set a $375.00 price objective on GE Aerospace in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.45.
View Our Latest Stock Report on GE Aerospace
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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