MMA Asset Management LLC Buys 2,347 Shares of GE Aerospace $GE

MMA Asset Management LLC grew its stake in shares of GE Aerospace (NYSE:GEFree Report) by 79.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,307 shares of the company’s stock after acquiring an additional 2,347 shares during the quarter. MMA Asset Management LLC’s holdings in GE Aerospace were worth $1,596,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of GE Aerospace by 4.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,337 shares of the company’s stock worth $1,116,000 after acquiring an additional 191 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of GE Aerospace by 49.0% during the 2nd quarter. Clear Creek Financial Management LLC now owns 3,515 shares of the company’s stock worth $905,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in GE Aerospace by 255.5% in the second quarter. Vontobel Holding Ltd. now owns 106,752 shares of the company’s stock valued at $27,477,000 after acquiring an additional 76,724 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GE has been the subject of several recent analyst reports. BNP Paribas Exane cut their target price on GE Aerospace from $305.00 to $290.00 and set an “underperform” rating for the company in a research note on Friday, January 23rd. UBS Group set a $374.00 price objective on GE Aerospace and gave the stock a “buy” rating in a research report on Friday, January 23rd. TD Cowen raised their price objective on GE Aerospace from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Citigroup reissued a “buy” rating and set a $380.00 target price (up previously from $378.00) on shares of GE Aerospace in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $319.00.

Check Out Our Latest Analysis on GE

Insider Transactions at GE Aerospace

In related news, SVP Amy L. Gowder sold 4,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $305.73, for a total value of $1,222,920.00. Following the transaction, the senior vice president owned 16,535 shares in the company, valued at $5,055,245.55. The trade was a 19.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Russell Stokes sold 30,363 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $306.47, for a total transaction of $9,305,348.61. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at $46,103,507.98. This trade represents a 16.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 45,398 shares of company stock worth $13,837,171. Company insiders own 0.21% of the company’s stock.

GE Aerospace News Summary

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

GE Aerospace Price Performance

GE stock opened at $320.75 on Friday. The company has a market capitalization of $336.41 billion, a P/E ratio of 39.40, a PEG ratio of 2.83 and a beta of 1.40. The company has a fifty day moving average price of $306.86 and a 200-day moving average price of $295.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $332.79.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.27 billion. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.GE Aerospace’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Monday, December 29th were issued a dividend of $0.36 per share. The ex-dividend date was Monday, December 29th. This represents a $1.44 annualized dividend and a yield of 0.4%. GE Aerospace’s dividend payout ratio (DPR) is presently 17.69%.

About GE Aerospace

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE Aerospace (NYSE:GEFree Report).

Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.