2,652 Shares in GE Aerospace (NYSE:GE) Bought by Triumph Capital Management

Triumph Capital Management purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,652 shares of the company's stock, valued at approximately $442,000.

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

Insider Activity

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was 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. The trade was a 26.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

GE has been the topic of several analyst reports. Citigroup dropped their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Wednesday, April 9th. Finally, UBS Group increased 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, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Price Performance

GE stock traded up $4.26 during midday trading on Friday, hitting $207.87. The company's stock had a trading volume of 3,826,348 shares, compared to its average volume of 5,367,832. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $214.21. The company has a 50 day moving average of $194.31 and a two-hundred day moving average of $187.12. The firm has a market capitalization of $221.67 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

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

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.69%. GE Aerospace's payout ratio is currently 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.