Castlekeep Investment Advisors LLC Buys Shares of 10,341 GE Aerospace (NYSE:GE)

Castlekeep Investment Advisors LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,341 shares of the company's stock, valued at approximately $1,725,000.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GE. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Performance

Shares of GE opened at $208.87 on Tuesday. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The stock's 50-day simple moving average is $194.46 and its 200 day simple moving average is $187.16. 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 stock has a market capitalization of $222.74 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating 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%. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were issued a $0.36 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value 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. The trade was 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 company insiders.

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.

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