GE Aerospace (NYSE:GE) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,110 shares of the company's stock after acquiring an additional 1,033 shares during the period. D.A. Davidson & CO.'s holdings in GE Aerospace were worth $7,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Rosenberg Matthew Hamilton grew its position in shares of GE Aerospace by 86.8% during the 1st quarter. Rosenberg Matthew Hamilton now owns 1,397 shares of the company's stock valued at $280,000 after acquiring an additional 649 shares during the period. Clarity Capital Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter valued at about $344,000. ZWJ Investment Counsel Inc. grew its position in shares of GE Aerospace by 1.5% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 43,867 shares of the company's stock valued at $8,780,000 after acquiring an additional 640 shares during the period. Resonant Capital Advisors LLC grew its position in shares of GE Aerospace by 7.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,019 shares of the company's stock valued at $806,000 after acquiring an additional 295 shares during the period. Finally, Sebold Capital Management Inc. grew its position in shares of GE Aerospace by 12.1% during the 1st quarter. Sebold Capital Management Inc. now owns 1,885 shares of the company's stock valued at $377,000 after acquiring an additional 204 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Citigroup lowered their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Price Performance

GE traded up $2.03 during trading on Monday, reaching $248.91. The company's stock had a trading volume of 5,335,189 shares, compared to its average volume of 5,512,803. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $235.34 and a two-hundred day simple moving average of $206.79. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $260.55. The company has a market cap of $265.44 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.98 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. As a group, analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.58%. GE Aerospace's payout ratio is presently 22.40%.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president directly owned 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

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.