Ossiam Purchases 3,241 Shares of GE Aerospace (NYSE:GE)

Ossiam increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,850 shares of the company's stock after buying an additional 3,241 shares during the period. Ossiam's holdings in GE Aerospace were worth $2,477,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GE. Johnson & White Wealth Management LLC acquired a new position in shares of GE Aerospace during the fourth quarter valued at about $733,000. Chung Wu Investment Group LLC bought a new position in GE Aerospace during the fourth quarter valued at about $795,000. National Bank of Canada FI raised its holdings in GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after acquiring an additional 29,844 shares in the last quarter. World Investment Advisors LLC lifted its position in shares of GE Aerospace by 60.7% in the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock worth $2,576,000 after acquiring an additional 5,162 shares during the period. Finally, National Pension Service grew its holdings in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $3.18 during midday trading on Thursday, reaching $196.86. The company had a trading volume of 2,587,789 shares, compared to its average volume of 5,997,003. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $194.82 and a 200 day simple moving average of $186.53. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21. The company has a market capitalization of $211.29 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth 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 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 during the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. GE Aerospace's payout ratio is 24.04%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday. UBS Group increased their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. JPMorgan Chase & Co. upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.07.

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.