904 Shares in GE Aerospace $GE Purchased by Vectors Research Management LLC

Key Points

• Vectors Research Management LLC acquired 904 shares of GE Aerospace valued at approximately $233,000, indicating growing institutional interest in the company.
• GE Aerospace reported a 21.2% year-over-year increase in revenue to $10.15 billion and surpassed earnings expectations with an EPS of $1.66 for the last quarter.
• The company announced a quarterly dividend of $0.36 per share, reflecting a dividend yield of 0.5% and a payout ratio of 20.08%.

Vectors Research Management LLC acquired a new position in GE Aerospace (NYSE:GE - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 904 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oxbow Advisors LLC purchased a new stake in shares of GE Aerospace in the 2nd quarter worth about $235,000. Consilio Wealth Advisors LLC boosted its position in shares of GE Aerospace by 5.2% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 1,345 shares of the company's stock worth $342,000 after buying an additional 67 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new stake in shares of GE Aerospace in the 2nd quarter worth about $337,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of GE Aerospace in the 2nd quarter worth about $4,598,000. Finally, Rockbridge Capital Management LLC purchased a new stake in shares of GE Aerospace in the 2nd quarter worth about $225,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

GE opened at $299.52 on Friday. The company's 50 day simple moving average is $285.55 and its 200 day simple moving average is $249.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. The stock has a market capitalization of $317.62 billion, a PE ratio of 41.77, a P/E/G ratio of 3.23 and a beta of 1.49.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company earned $1.20 earnings per share. The company's quarterly revenue was up 21.2% on a year-over-year basis. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, September 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GE shares. TD Cowen boosted their price objective on shares of GE Aerospace from $300.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, October 7th. 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 note on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $267.13.

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.

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