GE Aerospace (NYSE:GE) Stock Position Decreased by Voya Investment Management LLC

Voya Investment Management LLC lessened its position in shares of GE Aerospace (NYSE:GE - Free Report) by 29.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,747,813 shares of the company's stock after selling 745,862 shares during the period. Voya Investment Management LLC owned about 0.16% of GE Aerospace worth $291,518,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GE. Norges Bank purchased a new position in shares of GE Aerospace in the 4th quarter valued at about $2,375,439,000. Invesco Ltd. increased its stake in GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock valued at $1,591,970,000 after purchasing an additional 1,204,910 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in GE Aerospace during the fourth quarter worth approximately $194,208,000. Franklin Resources Inc. lifted its position in shares of GE Aerospace by 206.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the company's stock worth $278,247,000 after buying an additional 973,135 shares during the last quarter. Finally, FMR LLC boosted its holdings 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 valued at $11,145,570,000 after buying an additional 965,012 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Performance

Shares of NYSE:GE traded up $0.84 on Monday, hitting $199.27. The company's stock had a trading volume of 1,579,604 shares, compared to its average volume of 5,382,763. The company has a market capitalization of $213.88 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 12 month low of $150.20 and a 12 month high of $214.21. The stock's 50-day moving average is $194.36 and its two-hundred day moving average is $186.66.

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. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were issued a $0.36 dividend. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.72%. GE Aerospace's dividend payout ratio is 22.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. Bank of America boosted their price target on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Redburn Atlantic initiated coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

About GE Aerospace

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.