Legacy Advisors LLC Acquires 4,694 Shares of GE Aerospace (NYSE:GE)

Legacy Advisors LLC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 70.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,334 shares of the company's stock after acquiring an additional 4,694 shares during the period. Legacy Advisors LLC's holdings in GE Aerospace were worth $2,269,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares in the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of GE Aerospace by 3.4% during the fourth quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company's stock valued at $1,203,000 after acquiring an additional 235 shares during the period. Olympiad Research LP acquired a new position in shares of GE Aerospace during the fourth quarter valued at approximately $242,000. Finally, Wealthspire Advisors LLC raised its holdings in GE Aerospace by 7.6% during the fourth quarter. Wealthspire Advisors LLC now owns 21,066 shares of the company's stock worth $3,514,000 after purchasing an additional 1,483 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GE. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $221.15.

Insider Activity

In other news, 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 transaction of $321,473.34. Following the completion of the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on 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 now owns 11,540 shares in the company, valued at $2,270,264.20. This represents 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 company insiders.

GE Aerospace Stock Performance

GE traded up $3.50 on Friday, reaching $254.50. The company had a trading volume of 26,986,431 shares, compared to its average volume of 5,495,057. The company's fifty day moving average is $227.18 and its 200 day moving average is $202.19. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a market cap of $271.39 billion, a P/E ratio of 39.58, a P/E/G ratio of 3.01 and a beta of 1.38. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $260.45.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal 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 issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.57%. GE Aerospace's dividend payout ratio is currently 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.