Morse Asset Management Inc Purchases 2,525 Shares of GE Aerospace (NYSE:GE)

Morse Asset Management Inc grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 13.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,141 shares of the company's stock after acquiring an additional 2,525 shares during the period. Morse Asset Management Inc's holdings in GE Aerospace were worth $3,526,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GE. New Age Alpha Advisors LLC boosted its position in shares of GE Aerospace by 133.3% in 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 purchased a new stake in GE Aerospace in the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace during the 4th quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GE shares. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Bank of America increased their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Finally, Citigroup reduced their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Up 2.6%

Shares of NYSE GE traded up $5.81 during mid-day trading on Thursday, reaching $229.05. 7,203,079 shares of the company traded hands, compared to its average volume of 5,358,016. The company's fifty day moving average is $196.64 and its two-hundred day moving average is $188.71. 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 has a fifty-two week low of $150.20 and a fifty-two week high of $230.11. The stock has a market cap of $244.26 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly 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. 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. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current 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 $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.63%. 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 (DPR) is 22.40%.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction 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 sale, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% 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.

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.