GE Aerospace (NYSE:GE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in GE Aerospace (NYSE:GE - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,562 shares of the company's stock after selling 8,629 shares during the quarter. Victory Capital Management Inc.'s holdings in GE Aerospace were worth $65,161,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC increased its stake in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the period. Proficio Capital Partners LLC increased its stake in GE Aerospace by 62.2% in the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock worth $555,000 after purchasing an additional 1,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in GE Aerospace in the fourth quarter worth $849,000. Finally, Advisors Asset Management Inc. increased its stake in GE Aerospace by 13.7% in the fourth quarter. Advisors Asset Management Inc. now owns 21,264 shares of the company's stock worth $3,547,000 after purchasing an additional 2,558 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president owned 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on 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. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Price Performance

Shares of GE stock traded up $3.21 during trading hours on Friday, hitting $263.49. 8,605,410 shares of the company's stock were exchanged, compared to its average volume of 5,648,390. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $280.98 billion, a P/E ratio of 36.75, a P/E/G ratio of 3.09 and a beta of 1.37. The firm has a 50 day moving average of $244.37 and a two-hundred day moving average of $212.06. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $272.80.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. Sell-side analysts forecast 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 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 annualized dividend and a yield of 0.55%. GE Aerospace's payout ratio is currently 20.08%.

Analysts Set New Price Targets

GE has been the topic of several research reports. Wells Fargo & Company raised their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Friday. Citigroup reiterated a "buy" rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, UBS Group lifted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $240.33.

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.