1,424 Shares in GE Aerospace (NYSE:GE) Bought by Aspire Growth Partners LLC

Aspire Growth Partners LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,424 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC lifted its holdings in shares of GE Aerospace by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its holdings in GE Aerospace by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares during the period. Ballast Advisors LLC boosted its holdings in shares of GE Aerospace by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after buying an additional 51 shares during the period. Blue Barn Wealth LLC increased its position in shares of GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after acquiring an additional 54 shares in the last quarter. Finally, Game Plan Financial Advisors LLC raised its holdings in shares of GE Aerospace by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after acquiring an additional 55 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.6 %

Shares of GE traded up $1.17 on Monday, reaching $208.87. The company's stock had a trading volume of 4,176,179 shares, compared to its average volume of 5,369,825. The stock has a market capitalization of $222.74 billion, a PE ratio of 34.87, a PEG ratio of 2.59 and a beta of 1.31. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The firm has a fifty day moving average of $194.31 and a 200-day moving average of $187.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Insider Buying and Selling

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred 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 sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GE shares. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. UBS Group raised their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

About GE Aerospace

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.