GE Aerospace (NYSE:GE) Shares Sold by Certuity LLC

Certuity LLC trimmed its position in GE Aerospace (NYSE:GE - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,848 shares of the company's stock after selling 69,932 shares during the quarter. GE Aerospace accounts for 4.9% of Certuity LLC's portfolio, making the stock its 2nd largest position. Certuity LLC's holdings in GE Aerospace were worth $47,005,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in shares of GE Aerospace in the first quarter valued at about $28,000. Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the last quarter. O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace in the first quarter valued at about $33,000. First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the last quarter. Finally, POM Investment Strategies LLC raised its holdings in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock valued at $33,000 after buying an additional 151 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Trading Down 3.8%

NYSE:GE opened at $269.09 on Thursday. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $281.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $285.35 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.44. The business's 50-day simple moving average is $256.84 and its 200-day simple moving average is $223.15.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analysts' expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is currently 20.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GE shares. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Barclays lifted their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace 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.

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