Natixis Acquires 4,669 Shares of GE Aerospace (NYSE:GE)

Natixis grew its position in GE Aerospace (NYSE:GE - Free Report) by 63.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,052 shares of the company's stock after buying an additional 4,669 shares during the quarter. Natixis' holdings in GE Aerospace were worth $2,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC grew its holdings in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Bank of America boosted their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a report on Wednesday, April 9th. Finally, UBS Group boosted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Stock Up 0.6 %

Shares of GE Aerospace stock traded up $1.14 during trading on Friday, reaching $198.55. 4,390,590 shares of the company traded hands, compared to its average volume of 5,397,810. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21. The company has a 50 day moving average price of $194.36 and a 200-day moving average price of $186.66. The firm has a market capitalization of $213.10 billion, a PE ratio of 33.15, a P/E/G ratio of 2.59 and a beta of 1.04.

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

GE Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's payout ratio is presently 22.40%.

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.