GE Aerospace (GE)

• Market cap: $187B
• 1 day: -5.33%
• 5 days: -4.71%
• 1 month: -1.34%
• 3 months: 5.53%
• 6 months: 6.37%
• Year to date: 72.02%
• 1 year: 80.21%
• 5 years: 221.51%
• 10 years: 33.38%
• Sector: Industrials
• Industry: Electronic & Other Electrical Equipment, Except Computer Equipment

About: GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.

Employees: 125,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

136% more first-time investments, than exits

New positions opened: 288 | Existing positions closed: 122

48% more call options, than puts

Call options by funds: $3.53B | Put options by funds: $2.38B

27% more repeat investments, than reductions

Existing positions increased: 907 | Existing positions reduced: 716

14% more capital invested

Capital invested by funds: $138B [Q2] → $157B (+$18.9B) [Q3]

9% more funds holding in top 10

Funds holding in top 10: 54 [Q2] → 59 (+5) [Q3]

8% more funds holding

Funds holding: 2,135 [Q2] → 2,301 (+166) [Q3]

2.23% less ownership

Funds ownership: 78.89% [Q2] → 76.66% (-2.23%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $200 16% upside
• Avg. target: $214 24% upside
• High target: $235 36% upside

9 analyst ratings

• positive: 9 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Ken Herbert 80% 1-year accuracy 51 / 64 met price target	16% upside $200	Outperform Maintained	23 Oct 2024
B of A Securities Ronald Epstein 54% 1-year accuracy 15 / 28 met price target	16% upside $200	Buy Maintained	23 Oct 2024
UBS Gavin Parsons 42% 1-year accuracy 5 / 12 met price target	33% upside $230	Buy Maintained	23 Oct 2024
Wells Fargo Matthew Akers 59% 1-year accuracy 20 / 34 met price target	21% upside $210	Overweight Maintained	23 Oct 2024
Bernstein Brendan Luecke 50% 1-year accuracy 1 / 2 met price target	30% upside $225	Outperform Maintained	14 Oct 2024