International Assets Investment Management LLC Buys 13,025 Shares of GE Aerospace $GE

International Assets Investment Management LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 76.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,000 shares of the company’s stock after purchasing an additional 13,025 shares during the period. International Assets Investment Management LLC’s holdings in GE Aerospace were worth $9,369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GE. State Street Corp raised its position in GE Aerospace by 2.6% in the second 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 during the period. Jennison Associates LLC boosted its position in shares of GE Aerospace by 37.7% during the first 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of GE Aerospace by 6.3% during the second 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 period. Wellington Management Group LLP grew its stake in shares of GE Aerospace by 97.3% in 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 buying an additional 3,352,432 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of GE Aerospace by 10.0% in the first quarter. Bank of America Corp DE now owns 7,664,679 shares of the company’s stock valued at $2,175,006,000 after buying an additional 695,731 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GE. Royal Bank Of Canada set a $376.00 target price on GE Aerospace in a research note on Friday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $375.00 target price (down from $400.00) on shares of GE Aerospace in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $378.00 target price on shares of GE Aerospace in a research report on Wednesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $410.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Finally, BNP Paribas Exane reduced their price target on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $373.45.

GE Aerospace Stock Performance

NYSE:GE opened at $301.58 on Friday. GE Aerospace has a 52 week low of $268.91 and a 52 week high of $388.84. The company has a fifty day simple moving average of $317.37 and a two-hundred day simple moving average of $323.12. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The company has a market cap of $311.64 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.88 billion. During the same quarter last year, the business posted $1.66 EPS. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts anticipate that GE Aerospace will post 8.16 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Monday, October 5th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, October 5th. GE Aerospace’s dividend payout ratio is 21.68%.

GE Aerospace News Roundup

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?

About GE Aerospace

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.