Blair William & Co. IL Purchases 1,360 Shares of GE Aerospace (NYSE:GE)

Key Points

• Blair William & Co. IL increased its stake in GE Aerospace by 0.7%, owning 190,797 shares valued at approximately $38.19 million as of its latest SEC filing.
• Several institutional investors, including Ritter Daniher Financial Advisory and Hudock Inc., have also boosted their holdings in GE Aerospace, contributing to 74.77% of the stock being owned by institutional investors.
• Analysts recently raised their price targets for GE Aerospace, with Barclays increasing it from $230.00 to $295.00, reflecting a strong consensus of a "Moderate Buy" rating for the stock.

Blair William & Co. IL lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,797 shares of the company's stock after purchasing an additional 1,360 shares during the quarter. Blair William & Co. IL's holdings in GE Aerospace were worth $38,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management lifted its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares in the last quarter. O Brien Wealth Partners LLC bought a new stake in GE Aerospace in the 1st quarter worth about $33,000. Sumitomo Mitsui Financial Group Inc. bought a new position in GE Aerospace in the 4th quarter valued at $28,000. Finally, First Pacific Financial raised its position in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Performance

GE traded down $0.39 during trading on Thursday, hitting $271.89. The company's stock had a trading volume of 2,982,703 shares, compared to its average volume of 6,125,085. GE Aerospace has a one year low of $159.36 and a one year high of $277.00. The business's 50 day simple moving average is $254.17 and its 200-day simple moving average is $220.28. The firm has a market cap of $288.33 billion, a PE ratio of 37.92, a P/E/G ratio of 2.93 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. GE Aerospace'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 business posted $1.20 EPS. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Analyst Ratings Changes

Several analysts have recently issued reports on GE shares. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and set a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Finally, Barclays boosted their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Company 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.