11 Capital Partners LP Boosts Position in GE Aerospace (NYSE:GE)

11 Capital Partners LP raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,227 shares of the company's stock after purchasing an additional 33,900 shares during the period. GE Aerospace accounts for about 10.2% of 11 Capital Partners LP's holdings, making the stock its 3rd biggest position. 11 Capital Partners LP's holdings in GE Aerospace were worth $25,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC increased its holdings in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace in the fourth quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace in the 4th quarter worth $28,000. Sugar Maple Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace in the 4th quarter worth approximately $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $2.18 during midday trading on Thursday, hitting $203.72. 4,682,612 shares of the stock traded hands, compared to its average volume of 5,372,626. The firm has a 50-day moving average of $194.04 and a two-hundred day moving average of $186.92. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market capitalization of $217.24 billion, a P/E ratio of 34.01, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is presently 22.40%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Bank of America boosted their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.