Brookstone Capital Management Purchases 1,315 Shares of GE Aerospace (NYSE:GE)

Brookstone Capital Management increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,325 shares of the company's stock after acquiring an additional 1,315 shares during the period. Brookstone Capital Management's holdings in GE Aerospace were worth $4,268,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GE. New Age Alpha Advisors LLC grew its position in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter valued at about $28,000. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $28,000. CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at approximately $29,000. Finally, Copia Wealth Management grew its stake in GE Aerospace by 14,200.0% during the first 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. Institutional investors own 74.77% of the company's stock.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of the company's 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 sale, the senior vice president directly owned 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was 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 $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

GE Aerospace Trading Up 0.8%

Shares of NYSE:GE traded up $2.03 during midday trading on Monday, hitting $248.91. 5,335,189 shares of the stock traded hands, 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 business's 50 day moving average is $234.38 and its two-hundred day moving average is $206.23. The stock has a market capitalization of $265.44 billion, a PE ratio of 38.71, a P/E/G ratio of 2.98 and a beta of 1.37. GE Aerospace has a one year low of $150.20 and a one year high of $260.55.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.