Princeton Capital Management LLC Lowers Position in GE Aerospace (NYSE:GE)

Princeton Capital Management LLC lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,169 shares of the company's stock after selling 1,398 shares during the period. GE Aerospace comprises 0.9% of Princeton Capital Management LLC's holdings, making the stock its 20th largest holding. Princeton Capital Management LLC's holdings in GE Aerospace were worth $2,636,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GE. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Hudock Inc. boosted its holdings in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock worth $582,000 after purchasing an additional 50 shares during the last quarter. First Pacific Financial raised its position in GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after acquiring an additional 52 shares during the period. First Heartland Consultants Inc. raised its position in GE Aerospace by 1.2% in the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after acquiring an additional 54 shares during the period. Finally, Affinity Wealth Management LLC raised its position in shares of GE Aerospace by 4.4% in the first quarter. Affinity Wealth Management LLC now owns 1,318 shares of the company's stock valued at $264,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup reissued a "buy" rating and issued a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. UBS Group increased their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president directly owned 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Trading Up 1.2%

NYSE GE traded up $3.27 on Friday, hitting $271.28. 4,597,132 shares of the stock were exchanged, compared to its average volume of 7,770,745. 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 stock has a fifty day moving average price of $247.59 and a two-hundred day moving average price of $214.32. The firm has a market capitalization of $287.67 billion, a P/E ratio of 37.84, a P/E/G ratio of 3.06 and a beta of 1.37. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $272.83.

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

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.53%. GE Aerospace's dividend payout ratio is presently 20.08%.

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.