GE Aerospace $GE Stake Cut by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lessened its holdings in GE Aerospace (NYSE:GE) by 46.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,856 shares of the company’s stock after selling 101,446 shares during the quarter. GE Aerospace makes up about 0.9% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 25th largest holding. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in GE Aerospace were worth $37,118,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. GK Wealth Management LLC bought a new stake in GE Aerospace during the third quarter valued at $25,000. Clark Wealth Partners lifted its position in shares of GE Aerospace by 70.1% in the 3rd quarter. Clark Wealth Partners now owns 114 shares of the company’s stock worth $36,000 after buying an additional 47 shares during the last quarter. Paladin Partners LLC bought a new position in shares of GE Aerospace in the 2nd quarter worth about $38,000. Parvin Asset Management LLC bought a new position in shares of GE Aerospace in the 2nd quarter worth about $41,000. Finally, Markowski Investments bought a new position in shares of GE Aerospace in the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE opened at $330.56 on Friday. The company has a market cap of $341.58 billion, a P/E ratio of 38.13, a PEG ratio of 2.33 and a beta of 1.43. The stock has a fifty day moving average price of $314.84 and a 200 day moving average price of $323.85. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.68. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84.

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

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 5th were given a dividend of $0.47 per share. The ex-dividend date was Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio is currently 21.68%.

Top GE Aerospace Stories

These are some of the GE stories that stood out recently:

• Positive Sentiment: Commentary points to robust engine demand, defense contracts and higher earnings estimates, while GE is trading above its 50-day and 200-day moving averages. These factors may support the growth outlook, though the article does not report a new contract or forecast change. Article
• Positive Sentiment: The State Street Industrial Select Sector SPDR (XLI) added GE to its holdings, a modest potential source of fund demand. The report does not specify how much GE stock the fund purchased. Article
• Neutral Sentiment: Doncasters acquired a 50% stake in Montana Precision Products, becoming a 50/50 joint-venture partner with Unison Industries, a GE Aerospace company. MPP supplies components for GE engine platforms, so the ownership change could affect sourcing and production coordination; the reports disclose no financial terms or immediate operational impact. Article

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GE shares. HC Wainwright set a $375.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 21st. Deutsche Bank reiterated a “buy” rating and set a $378.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 21st. UBS Group reissued a “buy” rating and issued a $380.00 target price (up from $377.00) on shares of GE Aerospace in a report on Wednesday, October 21st. JPMorgan Chase & Co. cut their target price on shares of GE Aerospace from $400.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $425.00 target price on shares of GE Aerospace in a research note on Sunday, October 25th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $373.45.

Insider Activity at GE Aerospace

In other news, VP Robert Giglietti sold 14,796 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $332.54, for a total transaction of $4,920,261.84. Following the completion of the transaction, the vice president owned 20,201 shares in the company, valued at approximately $6,717,640.54. This represents a 42.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

About GE Aerospace

GE Aerospace (NYSE: GE) designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations. The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.