Moore Capital Management LP Has $9.37 Million Stock Position in GE Aerospace (NYSE:GE)

Moore Capital Management LP reduced its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,181 shares of the company's stock after selling 1,956 shares during the period. Moore Capital Management LP's holdings in GE Aerospace were worth $9,370,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GE. New Age Alpha Advisors LLC grew its stake 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 valued at $25,000 after buying an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace in the fourth quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new position in GE Aerospace during the fourth quarter worth $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in shares of GE Aerospace in the fourth quarter worth about $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GE. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, April 9th. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Wells Fargo & Company raised their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Redburn Atlantic initiated coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Trading Up 0.2%

Shares of NYSE:GE opened at $214.83 on Monday. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $221.47. The company 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 company has a 50-day simple moving average of $195.24 and a 200 day simple moving average of $187.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (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 during the quarter, compared to analysts' expectations of $9.06 billion. Sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.67%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. GE Aerospace's payout ratio is presently 22.40%.

Insider Activity 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 transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were 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 company insiders.

GE Aerospace 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.

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