Vawter Financial Ltd. Buys Shares of 1,125 GE Aerospace (NYSE:GE)

Key Points

• Vawter Financial Ltd. acquired 1,125 shares of GE Aerospace, valued at approximately $225,000, during the 1st quarter of the year.
• GE Aerospace recently declared a quarterly dividend of $0.36 per share, resulting in an annualized yield of 0.53%.
• Analysts have recently upgraded their ratings for GE Aerospace, with Wall Street Zen moving it from a "hold" to a "buy" rating and Barclays increasing its target price from $230.00 to $295.00.

Vawter Financial Ltd. acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,125 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors have also recently bought and sold shares of GE. FMR LLC boosted its holdings in GE Aerospace by 1.5% during the fourth quarter. FMR LLC now owns 66,823,968 shares of the company's stock worth $11,145,570,000 after purchasing an additional 965,012 shares during the last quarter. Geode Capital Management LLC boosted its holdings in GE Aerospace by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock worth $3,846,587,000 after purchasing an additional 529,457 shares during the last quarter. Northern Trust Corp raised its position in GE Aerospace by 5.8% during the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock worth $1,675,717,000 after acquiring an additional 553,104 shares in the last quarter. Invesco Ltd. lifted its stake in GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock valued at $1,591,970,000 after acquiring an additional 1,204,910 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of GE Aerospace by 11.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,551,038 shares of the company's stock valued at $1,259,438,000 after acquiring an additional 781,574 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded down $0.36 on Tuesday, reaching $270.25. The stock had a trading volume of 1,788,083 shares, compared to its average volume of 6,217,674. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $249.09 and its two-hundred day moving average is $216.28. The company has a market cap of $286.59 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $273.80.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same period last year, the business earned $1.20 earnings per share. The business's quarterly revenue was up 21.2% on a year-over-year basis. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.53%. GE Aerospace's payout ratio is currently 20.08%.

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.