Jacobs Levy Equity Management Inc. Purchases 15,613 Shares of GE Aerospace (NYSE:GE)

Jacobs Levy Equity Management Inc. grew its stake in GE Aerospace (NYSE:GE - Free Report) by 23.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,639 shares of the company's stock after purchasing an additional 15,613 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in GE Aerospace were worth $13,950,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of GE Aerospace by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 89,815,318 shares of the company's stock worth $14,980,297,000 after buying an additional 410,172 shares during the period. FMR LLC raised its holdings in GE Aerospace by 1.5% during the 4th quarter. FMR LLC now owns 66,823,968 shares of the company's stock valued at $11,145,570,000 after buying an additional 965,012 shares during the period. Geode Capital Management LLC boosted its position in shares of GE Aerospace by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 23,117,418 shares of the company's stock valued at $3,846,587,000 after buying an additional 529,457 shares during the period. Norges Bank purchased a new stake in shares of GE Aerospace during the fourth quarter valued at $2,375,439,000. Finally, Northern Trust Corp boosted its holdings in shares of GE Aerospace by 5.8% in the fourth quarter. Northern Trust Corp now owns 10,046,867 shares of the company's stock valued at $1,675,717,000 after purchasing an additional 553,104 shares during the period. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 2.6%

Shares of NYSE GE traded up $5.81 during trading on Thursday, reaching $229.05. 7,203,079 shares of the stock were exchanged, compared to its average volume of 5,358,009. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $230.11. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $244.26 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The business's 50-day moving average price is $196.64 and its 200 day moving average price is $188.71.

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

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a dividend of $0.36 per share. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace's payout ratio is presently 22.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Bank of America raised their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. increased 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. UBS Group increased their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $216.92.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

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.