GE Aerospace (NYSE:GE) Shares Purchased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 41.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,147 shares of the company's stock after buying an additional 2,693 shares during the quarter. Capital Investment Advisory Services LLC's holdings in GE Aerospace were worth $1,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. Columbia River Financial Group LLC acquired a new stake in GE Aerospace during the first quarter worth about $55,000. Strategic Blueprint LLC increased its position in GE Aerospace by 159.2% during the first quarter. Strategic Blueprint LLC now owns 10,066 shares of the company's stock worth $2,015,000 after purchasing an additional 6,183 shares during the last quarter. Brookstone Capital Management increased its position in GE Aerospace by 6.6% during the first quarter. Brookstone Capital Management now owns 21,325 shares of the company's stock worth $4,268,000 after purchasing an additional 1,315 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in GE Aerospace by 28.7% during the first quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company's stock worth $211,000 after purchasing an additional 235 shares during the last quarter. Finally, SMART Wealth LLC increased its position in GE Aerospace by 26.0% during the first quarter. SMART Wealth LLC now owns 4,217 shares of the company's stock worth $844,000 after purchasing an additional 871 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Citigroup dropped their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Northcoast Research cut shares of 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. According to MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and an average price target of $223.75.

GE Aerospace Stock Down 0.6%

Shares of GE stock traded down $1.54 during trading on Tuesday, reaching $247.11. The company's stock had a trading volume of 5,974,468 shares, compared to its average volume of 5,522,969. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The company has a market capitalization of $263.52 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 3.00 and a beta of 1.37. The stock's 50-day moving average price is $235.34 and its 200 day moving average price is $206.79. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $260.55.

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

GE Aerospace Dividend Announcement

The business 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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.58%. GE Aerospace's payout ratio is 22.40%.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction 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 owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction 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 owned 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

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.