Wealth Dimensions Group Ltd. Acquires 2,187 Shares of GE Aerospace (NYSE:GE)

Wealth Dimensions Group Ltd. lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 29.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,619 shares of the company's stock after buying an additional 2,187 shares during the quarter. Wealth Dimensions Group Ltd.'s holdings in GE Aerospace were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares during the last quarter. Proficio Capital Partners LLC raised its stake in GE Aerospace by 62.2% during the fourth quarter. Proficio Capital Partners LLC now owns 3,327 shares of the company's stock valued at $555,000 after buying an additional 1,276 shares during the last quarter. American Century Companies Inc. boosted its holdings in GE Aerospace by 51.8% in the fourth quarter. American Century Companies Inc. now owns 299,935 shares of the company's stock worth $50,026,000 after acquiring an additional 102,319 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of GE Aerospace by 450.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,980 shares of the company's stock worth $330,000 after acquiring an additional 1,620 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE stock traded up $5.89 during midday trading on Thursday, reaching $269.07. 2,328,675 shares of the company's stock traded hands, compared to its average volume of 6,249,195. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $272.80. The stock has a market cap of $285.34 billion, a P/E ratio of 37.53, a PEG ratio of 2.93 and a beta of 1.37. The stock's 50-day moving average is $246.81 and its 200 day moving average is $213.67.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. GE Aerospace's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. As a group, 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 will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.54%. GE Aerospace's dividend payout ratio (DPR) is currently 20.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GE. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday. 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 research report on Friday, July 18th. Barclays increased their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $232.92.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by insiders.

About GE Aerospace

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.