Trust Investment Advisors Buys New Stake in GE Aerospace (NYSE:GE)

Trust Investment Advisors purchased a new stake in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,018 shares of the company's stock, valued at approximately $204,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after buying an additional 150 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of GE Aerospace by 62.2% during the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock worth $555,000 after purchasing an additional 1,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of GE Aerospace during the 4th quarter worth approximately $849,000. Finally, Picton Mahoney Asset Management boosted its stake in shares of GE Aerospace by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after acquiring an additional 68 shares during the period. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup reaffirmed a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company increased their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $240.33.

GE Aerospace Stock Performance

NYSE GE traded up $3.45 on Friday, hitting $263.73. 4,492,400 shares of the company's stock were exchanged, compared to its average volume of 5,630,299. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The firm's 50-day moving average price is $243.40 and its two-hundred day moving average price is $211.08. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $272.80. The firm has a market cap of $281.24 billion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 3.19 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. On average, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.55%. GE Aerospace's dividend payout ratio (DPR) is presently 22.40%.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 directly owned 8,805 shares in the company, valued at approximately $1,766,899.35. This trade 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 accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president directly owned 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

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.