GE Aerospace (NYSE:GE) Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in GE Aerospace by 137.5%, bringing its holdings to 4,092 shares valued at approximately $819,000.
• Analysts have revised their price targets for GE Aerospace, with Barclays increasing it from $230 to $295 and Citigroup raising its target from $227 to $296, while maintaining a buy rating.
• GE Aerospace reported earnings of $1.66 EPS, surpassing estimates of $1.43, while also revealing a revenue of $10.15 billion for the quarter, a year-over-year increase of 21.2%.

Vestmark Advisory Solutions Inc. raised its stake in GE Aerospace (NYSE:GE - Free Report) by 137.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,092 shares of the company's stock after buying an additional 2,369 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in GE Aerospace were worth $819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth approximately $28,000. Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. O Brien Wealth Partners LLC purchased a new stake in GE Aerospace during the first quarter valued at about $33,000. First Pacific Financial raised its holdings in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Finally, POM Investment Strategies LLC lifted its stake in shares of GE Aerospace by 1,078.6% in the first quarter. POM Investment Strategies LLC now owns 165 shares of the company's stock valued at $33,000 after buying an additional 151 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target 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. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. 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, July 23rd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Performance

NYSE GE traded down $2.08 on Friday, reaching $267.62. The stock had a trading volume of 5,202,309 shares, compared to its average volume of 4,516,927. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $281.50. The business's 50-day moving average price is $257.44 and its 200 day moving average price is $224.48. 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 market cap of $283.79 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44.

GE Aerospace (NYSE:GE - Get Free Report) last posted 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 the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. GE Aerospace's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. As a group, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

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.