High Falls Advisors Inc Takes Position in GE Aerospace $GE

Key Points

• High Falls Advisors Inc purchased 1,012 new shares of GE Aerospace, valued at around $203,000, in the first quarter of the year.
• GE Aerospace reported a quarterly earnings per share of $1.66, exceeding analysts' estimates of $1.43, with a revenue of $10.15 billion, up 21.2% year-over-year.
• The company announced a quarterly dividend of $0.36 per share, which corresponds to an annual yield of 0.5% and a payout ratio of 20.08%.

High Falls Advisors Inc purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,012 shares of the company's stock, valued at approximately $203,000.

Other large investors have also recently modified their holdings of the company. Rainey & Randall Wealth Advisors Inc. bought a new position in GE Aerospace during the first quarter worth $203,000. Sendero Wealth Management LLC raised its stake in GE Aerospace by 526.6% during the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after buying an additional 12,613 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in GE Aerospace by 25.1% during the first quarter. Concurrent Investment Advisors LLC now owns 41,039 shares of the company's stock worth $8,065,000 after buying an additional 8,245 shares during the last quarter. Global Assets Advisory LLC raised its stake in GE Aerospace by 186.7% during the first quarter. Global Assets Advisory LLC now owns 14,710 shares of the company's stock worth $2,751,000 after buying an additional 9,580 shares during the last quarter. Finally, Leisure Capital Management bought a new position in GE Aerospace during the first quarter worth $222,000. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GE shares. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday. Finally, Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Price Performance

GE stock traded up $0.61 during trading on Monday, hitting $268.46. 2,611,568 shares of the company's stock traded hands, compared to its average volume of 6,055,505. The business has a fifty day simple moving average of $257.44 and a 200 day simple moving average of $224.48. The stock has a market capitalization of $284.69 billion, a price-to-earnings ratio of 37.44, a P/E/G ratio of 2.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. GE Aerospace has a 52 week low of $159.36 and a 52 week high of $281.50.

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

GE Aerospace Dividend Announcement

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

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.