GE Aerospace $GE Stock: Vise Technologies Inc. Raises Holdings

Vise Technologies Inc. grew its position in shares of GE Aerospace (NYSE:GE) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,077 shares of the company’s stock after buying an additional 9,763 shares during the quarter. Vise Technologies Inc.’s holdings in GE Aerospace were worth $19,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Amundi raised its holdings in GE Aerospace by 135.2% in the 1st quarter. Amundi now owns 6,119,975 shares of the company’s stock valued at $1,736,665,000 after buying an additional 3,518,278 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of GE Aerospace in the second quarter valued at $1,283,858,000. Wellington Management Group LLP boosted its stake in shares of GE Aerospace by 97.3% during the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock valued at $2,540,592,000 after purchasing an additional 3,352,432 shares in the last quarter. Jennison Associates LLC grew its position in GE Aerospace by 37.7% during the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after purchasing an additional 3,017,937 shares during the period. Finally, State Street Corp lifted its holdings in 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 purchasing an additional 1,160,584 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

More GE Aerospace News

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 Stock Performance

GE Aerospace stock opened at $301.58 on Friday. 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 capitalization of $311.64 billion, a PE ratio of 34.78, a P/E/G ratio of 2.05 and a beta of 1.38. The company has a 50 day moving average price of $317.37 and a 200-day moving average price of $323.12. 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 announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The firm had revenue of $13.29 billion during the quarter, compared to analyst estimates of $12.88 billion. GE Aerospace had a net margin of 17.31% and a return on equity of 44.43%. During the same quarter in the prior year, the firm posted $1.66 earnings per share. GE Aerospace’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, equities analysts forecast that GE Aerospace will post 8.16 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 5th were given a $0.47 dividend. This represents a $1.88 annualized dividend 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 21.68%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BNP Paribas Exane cut their price target on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating for the company in a report on Wednesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday, October 15th. Jefferies Financial Group reissued a “buy” rating and issued a $425.00 target price on shares of GE Aerospace in a report on Sunday, October 25th. Sanford C. Bernstein set a $376.00 target price on GE Aerospace in a research note on Friday, October 23rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus 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.