GE Aerospace (NYSE:GE) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in GE Aerospace (NYSE:GE - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,327 shares of the company's stock after acquiring an additional 5,198 shares during the quarter. First Trust Advisors LP's holdings in GE Aerospace were worth $41,418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC boosted its stake in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new stake in GE Aerospace during the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 0.3 %

Shares of GE traded up $0.53 on Monday, hitting $198.96. 961,894 shares of the stock traded hands, compared to its average volume of 5,380,377. The firm has a market capitalization of $213.54 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21. The stock's 50 day moving average is $194.36 and its two-hundred day moving average is $186.66.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were given a $0.36 dividend. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GE. Royal Bank of Canada restated an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Bank of America lifted their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $216.92.

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.