GE Aerospace (NYSE:GE) SVP Sells $321,473.34 in Stock

GE Aerospace (NYSE:GE - Get Free Report) 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 now directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GE Aerospace Trading Up 2.1 %

GE traded up $4.26 during midday trading on Friday, reaching $207.87. 3,826,348 shares of the company's stock traded hands, compared to its average volume of 5,367,832. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a fifty day moving average of $194.31 and a two-hundred day moving average of $187.12. The stock has a market capitalization of $221.67 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate 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 anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal 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 issued a $0.36 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 0.69%. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research analyst reports. Bank of America increased their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Northcoast Research upgraded GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average price target of $216.92.

Institutional Trading of GE Aerospace

Several large investors have recently bought and sold shares of the company. Copia Wealth Management grew its stake in 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 during the period. New Age Alpha Advisors LLC grew its position in shares of GE Aerospace by 133.3% in the 4th 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. O Brien Wealth Partners LLC bought a new position in shares of GE Aerospace in the 1st quarter worth about $33,000. Hager Investment Management Services LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $27,000. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace during the 4th quarter valued at about $28,000. 74.77% of the stock is owned by institutional investors.

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.