GE Aerospace $GE Shares Sold by Crossmark Global Holdings Inc.
by Tristan Rich · The Markets DailyCrossmark Global Holdings Inc. decreased its position in shares of GE Aerospace (NYSE:GE – Free Report) by 5.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 44,098 shares of the company’s stock after selling 2,529 shares during the period. Crossmark Global Holdings Inc.’s holdings in GE Aerospace were worth $13,771,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of GE Aerospace by 2.6% during the second quarter. State Street Corp now owns 46,497,628 shares of the company’s stock worth $17,377,559,000 after acquiring an additional 1,160,584 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of GE Aerospace by 37.7% in the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 695,731 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in GE Aerospace by 6.3% during 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 valued at $2,710,142,000 after purchasing an additional 427,820 shares in the last quarter. Finally, Wellington Management Group LLP grew its position 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 worth $2,540,592,000 after buying an additional 3,352,432 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on GE. Citigroup reaffirmed a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a report on Wednesday, July 1st. HC Wainwright set a $375.00 target price on GE Aerospace in a research note on Wednesday. Jefferies Financial Group set a $435.00 target price on GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Vertical Research reaffirmed a “buy” rating and set a $400.00 target price on shares of GE Aerospace in a report on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Friday, October 16th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $375.62.
View Our Latest Stock Analysis on GE
GE Aerospace Stock Performance
GE opened at $293.49 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $324.60 and its 200-day moving average is $329.04. The stock has a market cap of $303.28 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.11 and a beta of 1.38. GE Aerospace has a twelve month low of $268.91 and a twelve month high of $388.84.
GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $12.88 billion. During the same period in the prior year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts predict that GE Aerospace will post 8.10 earnings per share for the current year.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, October 5th. GE Aerospace’s payout ratio is 22.14%.
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace reported third-quarter earnings of $2.25 per share, above the $2.01 analyst consensus, while revenue increased approximately 25% year over year to $13.29 billion. The company also raised its fiscal 2026 adjusted EPS outlook to $8.00-$8.10, above the $7.92 consensus. GE Aerospace earnings beat article
- Positive Sentiment: Management expects low-double-digit services growth in 2027, supported by a $170 billion services backlog, strong engine-maintenance demand and constrained spare-parts availability. GE also says it expects to deliver more than 3,200 engines over the next decade, reinforcing its long-term commercial aerospace outlook. GE Aerospace Q3 earnings call highlights
- Positive Sentiment: Several analysts remain constructive: UBS raised its price target to $380 and maintained a Buy rating, while JPMorgan, RBC and Susquehanna continue to see substantial upside despite trimming their targets.
- Neutral Sentiment: Options activity was unusually heavy in both directions, with put volume roughly 157% above normal and separate reports of elevated call buying. The activity signals increased trading interest but does not establish a clear consensus.
- Negative Sentiment: Investors are concerned that the GE9X engine production ramp will generate transition costs in 2027, while supply-chain delays, fuel-price pressure and Boeing-related costs could weigh on near-term margins. Concern behind GE earnings beat
- Negative Sentiment: Valuation remains a headwind after GE Aerospace’s strong run: analysts note that the stock trades at a premium despite underperforming the broader market, making investors less willing to reward earnings beats. BNP Paribas Exane lowered its target to $280 and assigned an Underperform rating, adding to the caution.
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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