Sharpepoint LLC Has $3.37 Million Position in GE Aerospace (NYSE:GE)

Sharpepoint LLC lowered its position in shares of GE Aerospace (NYSE:GE - Free Report) by 19.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,798 shares of the company's stock after selling 4,140 shares during the period. GE Aerospace comprises about 3.0% of Sharpepoint LLC's investment portfolio, making the stock its 7th biggest holding. Sharpepoint LLC's holdings in GE Aerospace were worth $3,368,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC increased its stake in shares of GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after buying an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares during the period. Ballast Advisors LLC increased its stake in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares during the period. First Pacific Financial increased its stake in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after buying an additional 52 shares during the period. Finally, First Heartland Consultants Inc. increased its stake in shares of GE Aerospace by 1.2% during the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, 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 report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $2.99 during mid-day trading on Friday, hitting $255.56. 4,439,768 shares of the company were exchanged, compared to its average volume of 5,532,279. 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 stock has a 50 day simple moving average of $238.22 and a 200-day simple moving average of $207.94. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $260.55. The firm has a market cap of $272.52 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 3.02 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. On average, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.56%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insider Buying and Selling at GE Aerospace

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