Gotham Asset Management LLC Cuts Position in GE Aerospace (NYSE:GE)

Gotham Asset Management LLC trimmed its holdings in GE Aerospace (NYSE:GE - Free Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,555 shares of the company's stock after selling 34,525 shares during the quarter. Gotham Asset Management LLC's holdings in GE Aerospace were worth $22,276,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GE. Principal Financial Group Inc. raised its holdings in GE Aerospace by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the company's stock valued at $249,596,000 after buying an additional 48,543 shares during the period. Baker Tilly Wealth Management LLC raised its position in GE Aerospace by 7.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the company's stock valued at $410,000 after purchasing an additional 163 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in GE Aerospace by 0.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 551,171 shares of the company's stock valued at $91,930,000 after purchasing an additional 4,828 shares during the period. ST Germain D J Co. Inc. raised its position in GE Aerospace by 20.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,693 shares of the company's stock valued at $1,617,000 after purchasing an additional 1,656 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in GE Aerospace by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,719 shares of the company's stock valued at $3,623,000 after purchasing an additional 534 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 0.2%

NYSE:GE traded up $0.34 during trading hours on Friday, hitting $214.83. The company's stock had a trading volume of 3,777,196 shares, compared to its average volume of 5,357,853. The stock has a market capitalization of $229.09 billion, a P/E ratio of 35.86, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The stock has a fifty day moving average of $195.24 and a 200-day moving average of $187.97. The company has a current ratio of 1.09, a quick ratio of 0.81 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 $216.80.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at $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 currently owned by insiders.

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.