3,504 GE Aerospace $GE Shares Bought by Wedmont Private Capital

Wedmont Private Capital lifted its position in shares of GE Aerospace (NYSE:GE) by 18.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 22,826 shares of the company’s stock after purchasing an additional 3,504 shares during the quarter. Wedmont Private Capital’s holdings in GE Aerospace were worth $6,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Journey Retirement Planning & Investment Management LLC boosted its position in shares of GE Aerospace by 46.2% during the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 971 shares of the company’s stock valued at $303,000 after acquiring an additional 307 shares in the last quarter. Central Bank & Trust Co. raised its position in GE Aerospace by 24.1% in the third quarter. Central Bank & Trust Co. now owns 6,863 shares of the company’s stock worth $2,143,000 after purchasing an additional 1,333 shares in the last quarter. Vilga Financial Planning LLC lifted its stake in GE Aerospace by 4.0% during the third quarter. Vilga Financial Planning LLC now owns 1,098 shares of the company’s stock worth $343,000 after purchasing an additional 42 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in GE Aerospace by 6.6% during the third quarter. Legacy Wealth Asset Management LLC now owns 1,877 shares of the company’s stock worth $586,000 after purchasing an additional 117 shares during the period. Finally, Stableford Capital II LLC boosted its holdings in GE Aerospace by 18.3% during the third quarter. Stableford Capital II LLC now owns 5,876 shares of the company’s stock valued at $1,835,000 after purchasing an additional 910 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Wednesday, September 9th. TD Cowen reiterated a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research report on Monday, July 13th. Melius Research set a $350.00 price objective on GE Aerospace and gave the company a “hold” rating in a report on Monday, September 14th. Wells Fargo & Company reduced 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 note on Wednesday, September 30th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.67.

GE Aerospace Price Performance

GE stock traded up $1.27 during midday trading on Friday, reaching $306.89. 1,315,693 shares of the company’s stock traded hands, compared to its average volume of 5,102,530. The company has a 50-day simple moving average of $337.31 and a two-hundred day simple moving average of $327.64. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. GE Aerospace has a 1-year low of $268.91 and a 1-year high of $388.84. The company has a market cap of $318.42 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.22 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Dividend Announcement

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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, October 5th. GE Aerospace’s dividend payout ratio is 22.14%.

More GE Aerospace News

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

• Positive Sentiment: Engine demand and earnings outlook remain supportive. A Zacks analysis points to robust engine demand, rising earnings estimates and strong projected cash flow as reasons the recent pullback could represent a buying opportunity. GE’s latest reported quarter also exceeded consensus expectations for both earnings and revenue, providing a favorable fundamental backdrop. GE Aerospace Down 15% in 3 Months: Is This a Buying Opportunity?
• Positive Sentiment: New program and production activity reinforce aerospace prospects. GE Aerospace highlighted a milestone in its GEK800 turbofan program with Kratos and shipped four additional F404 engines for India’s Tejas fighter jets. These developments support the company’s defense and propulsion pipeline. GEK800 Turbofan Program Milestone
• Positive Sentiment: Analyst and institutional support offer incremental encouragement. Susquehanna maintained its Buy rating, while Congress Asset Management purchased 7,007 shares. The purchases are relatively small but may signal continued confidence in GE’s long-term outlook. Susquehanna Buy Rating
• Neutral Sentiment: GE plans to invest $225 million to modernize a research center and its foundation is committing $1 million to aerospace workforce training in Alabama. The investments could improve long-term innovation and labor availability but are unlikely to materially affect near-term results. Research Center Investment
• Negative Sentiment: Commercial aerospace aftermarket weakness is weighing on sentiment. An investment manager cited a broad sell-off in commercial aerospace aftermarket stocks, a concern because GE depends heavily on engine services and aftermarket revenue. Commercial Aerospace Aftermarket Sell-Off
• Negative Sentiment: Technical and valuation concerns are pressuring the stock. Reports describe GE as being in a bear market and nearing a “death cross,” while investors await the company’s October 20 results. A high valuation increases the risk of further selling if guidance or results disappoint. GE Aerospace Bear Market Analysis
• Negative Sentiment: A regulatory referral creates an additional overhang. Authorities referred GE over alleged anticompetitive restrictions involving servicing of medical-imaging equipment. The matter appears related to GE’s healthcare operations rather than its core aerospace business, but it could still create legal, reputational or financial risks associated with the broader GE organization. Competition Tribunal Referral

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares of the company’s stock, valued at $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 is available at the SEC website. 0.19% of the stock is owned by company insiders.

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.