Covenant Asset Management LLC Has $6.28 Million Stock Holdings in GE Aerospace $GE

Covenant Asset Management LLC increased its position in GE Aerospace (NYSE:GE) by 34.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,880 shares of the company’s stock after purchasing an additional 5,297 shares during the quarter. GE Aerospace makes up 0.7% of Covenant Asset Management LLC’s holdings, making the stock its 24th largest position. Covenant Asset Management LLC’s holdings in GE Aerospace were worth $6,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BIP Wealth LLC boosted its stake in shares of GE Aerospace by 17.9% during the 3rd quarter. BIP Wealth LLC now owns 4,618 shares of the company’s stock worth $1,389,000 after acquiring an additional 701 shares during the period. Triad Wealth Partners LLC lifted its holdings in GE Aerospace by 17.8% during the 3rd quarter. Triad Wealth Partners LLC now owns 1,160 shares of the company’s stock valued at $349,000 after purchasing an additional 175 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in GE Aerospace by 11.7% during the third quarter. Avidian Wealth Enterprises LLC now owns 3,218 shares of the company’s stock worth $968,000 after purchasing an additional 336 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of GE Aerospace in the third quarter valued at $50,985,000. Finally, Cornerstone Wealth Group LLC increased its holdings in shares of GE Aerospace by 7.6% in the third quarter. Cornerstone Wealth Group LLC now owns 5,644 shares of the company’s stock valued at $1,698,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GE. TD Cowen lifted their target price on shares of GE Aerospace from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Bank of America upped their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. UBS Group reissued a “buy” rating and set a $368.00 price target (up from $366.00) on shares of GE Aerospace in a report on Thursday, January 15th. Finally, Citigroup decreased their price objective on GE Aerospace from $386.00 to $378.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.00.

GE Aerospace Stock Performance

GE opened at $318.71 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $332.79. The firm has a market cap of $336.18 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 2.13 and a beta of 1.40. The business’s fifty day moving average is $305.49 and its 200-day moving average is $291.81.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 earnings per share. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace’s payout ratio is currently 19.23%.

More GE Aerospace News

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

• Positive Sentiment: Seeking Alpha publishes a rating upgrade arguing a ~52x P/E is justified by GE Aerospace’s growth and margin expansion, supporting higher multiple sentiment. GE Aerospace: Why A 52x P/E Is Not Extreme (Rating Upgrade)
• Positive Sentiment: Recent analyst coverage labels GE a “strong buy” with ~7% upside, reinforcing near-term buy-side conviction ahead of results. GE Aerospace (GE) a Strong Buy, Analysts Forecast 7% Upside
• Positive Sentiment: Earnings previews from multiple outlets expect higher Q4 revenue driven by LEAP engine demand, services strength and defense momentum — consensus revenue around $11.2B — positioning the company for an earnings beat. GE Aerospace Expected to Report Higher 4Q Revenue
• Positive Sentiment: Analysis highlights rising free cash flow that could support a materially larger dividend, a catalyst for income-focused and long-only investors. GE Aerospace dividend could soar as free cash flow takes flight
• Positive Sentiment: Defense collaboration: Lockheed Martin and GE showcased a rotating detonation ramjet demonstration — a tech/defense win that can bolster defense backlog and strategic positioning. Lockheed Martin and GE Aerospace Showcase Rotating Detonation Ramjet
• Positive Sentiment: Talent pipeline/PR: GE extended partnerships with the University of Cincinnati, supporting engineering recruitment and community relations. GE Aerospace Expands Ties With Leading Cincinnati University
• Neutral Sentiment: Options/income strategies: Commentary outlines income-generation trades around the earnings date (strategy piece, not a fundamental catalyst). How To Earn $500 A Month From GE Aerospace Stock Ahead Of Q4 Earnings
• Neutral Sentiment: Market commentary (video) flags geopolitical risk as a potential upside driver beyond standard demand expectations — useful context but speculative. GE “Red, Red Hot:” Gauging Geopolitical Risk & Stock Rally Into Earnings
• Negative Sentiment: MarketWatch and Barron’s note the stock has lost some bullish momentum and that Q4 results must deliver a strong outlook for bulls to regain control — a miss or cautious guidance could prompt a pullback. GE’s stock has lost its bullish momentum. Can earnings provide the jolt it needs?

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.