Sharpepoint LLC Buys Shares of 20,938 GE Aerospace (NYSE:GE)

Sharpepoint LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,938 shares of the company's stock, valued at approximately $3,492,000. GE Aerospace accounts for approximately 3.1% of Sharpepoint LLC's portfolio, making the stock its 7th largest holding.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC lifted its position 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 buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in GE Aerospace in the fourth quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 1.5 %

NYSE:GE traded up $2.93 during midday trading on Thursday, hitting $196.61. The stock had a trading volume of 3,047,384 shares, compared to its average volume of 6,001,862. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.59 and a beta of 1.04. The stock has a 50-day moving average of $194.82 and a 200 day moving average of $186.53. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.73%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is presently 24.04%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.07.

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.