1,170 Shares in GE Aerospace (NYSE:GE) Acquired by Hoxton Planning & Management LLC

Key Points

• Hoxton Planning & Management LLC made a new investment in GE Aerospace, purchasing 1,170 shares valued at approximately $234,000 during the 1st quarter.
• Several institutional investors significantly increased their stakes in GE Aerospace, with GAMMA Investing LLC raising holdings by an astounding 23,611.7% during the same period.
• Analysts have varying ratings for GE Aerospace, with one research firm lowering its recommendation to "neutral," while others, including Royal Bank of Canada and UBS Group, have raised their price targets, reflecting strong market interest.

Hoxton Planning & Management LLC purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,170 shares of the company's stock, valued at approximately $234,000.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after acquiring an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of GE Aerospace by 87.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after acquiring an additional 1,673,365 shares in the last quarter. Invesco Ltd. raised its holdings in shares of GE Aerospace by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock valued at $1,591,970,000 after acquiring an additional 1,204,910 shares in the last quarter. FMR LLC raised its holdings in shares of GE Aerospace by 1.5% in the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after acquiring an additional 965,012 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of GE Aerospace by 32.1% in the 4th quarter. Nuveen Asset Management LLC now owns 3,453,651 shares of the company's stock valued at $576,034,000 after acquiring an additional 838,954 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

GE Aerospace stock traded down $1.59 during midday trading on Friday, reaching $269.49. 4,380,267 shares of the stock traded hands, compared to its average volume of 6,337,291. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $274.94. The stock has a market cap of $285.78 billion, a P/E ratio of 37.59, a PEG ratio of 2.92 and a beta of 1.44. The stock's fifty day moving average is $252.13 and its 200-day moving average is $218.37. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88.

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

GE Aerospace Announces Dividend

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 $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace's payout ratio is 20.08%.

Analysts Set New Price Targets

Several brokerages have recently commented on GE. Citigroup reiterated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company raised their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group raised their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average price target 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.