GE Aerospace
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)
84% more first-time investments, than exits
New positions opened: 284 | Existing positions closed: 154
48% more call options, than puts
Call options by funds: $3.53B | Put options by funds: $2.38B
25% more repeat investments, than reductions
Existing positions increased: 885 | Existing positions reduced: 707
14% more capital invested
Capital invested by funds: $138B [Q2] → $157B (+$18.8B) [Q3]
7% more funds holding in top 10
Funds holding in top 10: 54 [Q2] → 58 (+4) [Q3]
6% more funds holding
Funds holding: 2,132 [Q2] → 2,262 (+130) [Q3]
2.26% less ownership
Funds ownership: 78.88% [Q2] → 76.63% (-2.26%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Ken Herbert 79% 1-year accuracy 55 / 70 met price target | 13%upside $200 | Outperform Maintained | 23 Oct 2024 |
B of A Securities Ronald Epstein 71% 1-year accuracy 22 / 31 met price target | 13%upside $200 | Buy Maintained | 23 Oct 2024 |
UBS Gavin Parsons 53% 1-year accuracy 8 / 15 met price target | 30%upside $230 | Buy Maintained | 23 Oct 2024 |
Wells Fargo Matthew Akers 92% 1-year accuracy 34 / 37 met price target | 19%upside $210 | Overweight Maintained | 23 Oct 2024 |
Bernstein Brendan Luecke 0 / 0 met price target | 27%upside $225 | Outperform Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 45 articles about GE published over the past 30 days