Lcnb Corp Buys Shares of 1,283 GE Aerospace (NYSE:GE)

Key Points

• Lcnb Corp invested approximately $257,000 in GE Aerospace by buying 1,283 shares during the first quarter of 2023.
• Analysts have varied ratings for GE Aerospace; while Northcoast Research downgraded the stock to "neutral," Citigroup, UBS Group, and Barclays have issued "buy" ratings with target prices ranging from $295.00 to $321.00.
• GE Aerospace recently declared a quarterly dividend of $0.36 per share, with a current yield of 0.5% and a payout ratio of 20.08%.

Lcnb Corp bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,283 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GE. Sfmg LLC increased its position in shares of GE Aerospace by 2.4% in the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock worth $418,000 after acquiring an additional 48 shares in the last quarter. SGL Investment Advisors Inc. lifted its stake in shares of GE Aerospace by 3.6% in the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock worth $303,000 after buying an additional 49 shares during the last quarter. Hudock Inc. raised its stake in GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares during the last quarter. First Pacific Financial raised its stake in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after buying an additional 52 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its position in shares of GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 1.7%

GE traded up $4.75 during mid-day trading on Tuesday, reaching $279.95. 1,850,571 shares of the stock were exchanged, compared to its average volume of 6,072,383. The stock has a market capitalization of $296.87 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.44. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $280.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The company has a 50 day moving average price of $255.87 and a two-hundred day moving average price of $222.43.

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, topping analysts' consensus estimates of $1.43 by $0.23. The company 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 revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders 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 presently 20.08%.

Analysts Set New Price Targets

GE has been the topic of several recent research reports. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup restated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Barclays increased their price objective 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. Royal Bank Of Canada raised their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.