D.A. Davidson & CO. Grows Stock Holdings in GE Aerospace (NYSE:GE)

D.A. Davidson & CO. boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,110 shares of the company's stock after buying an additional 1,033 shares during the period. D.A. Davidson & CO.'s holdings in GE Aerospace were worth $7,228,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sendero Wealth Management LLC increased its stake in GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after buying an additional 12,613 shares in the last quarter. National Bank of Canada FI increased its stake in GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after buying an additional 29,844 shares in the last quarter. Global Assets Advisory LLC increased its stake in GE Aerospace by 186.7% during the 1st quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after buying an additional 9,580 shares in the last quarter. Invesco Ltd. increased its stake in GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after buying an additional 1,204,910 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in GE Aerospace by 6.8% during the 4th quarter. Baird Financial Group Inc. now owns 3,042,562 shares of the company's stock worth $507,469,000 after buying an additional 193,511 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president directly owned 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GE. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target 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, Citigroup dropped their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Trading Up 0.8%

GE traded up $2.03 during trading hours on Friday, reaching $246.78. The company's stock had a trading volume of 3,089,499 shares, compared to its average volume of 5,513,512. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $260.55. The stock has a market cap of $263.16 billion, a PE ratio of 38.38, a P/E/G ratio of 2.98 and a beta of 1.37. The business's 50-day moving average is $234.38 and its 200-day moving average is $205.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77.

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

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. GE Aerospace's dividend payout ratio is presently 22.40%.

About GE Aerospace

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.