1,714 Shares in GE Aerospace (NYSE:GE) Purchased by Parkshore Wealth Management Inc.

Parkshore Wealth Management Inc. purchased a new position in GE Aerospace (NYSE:GE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,714 shares of the company’s stock, valued at approximately $286,000.

Several other large investors have also recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC increased its position 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 period. Hager Investment Management Services LLC acquired a new position in shares of GE Aerospace in the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace during the 4th quarter worth $28,000. Sugar Maple Asset Management LLC bought a new position in GE Aerospace during the fourth quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace during the fourth quarter worth approximately $29,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GE shares. Deutsche Bank Aktiengesellschaft lowered their price target on GE Aerospace from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. UBS Group raised their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. 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. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. Finally, Bank of America upped 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. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $216.92.

GE Aerospace Price Performance

Shares of GE stock opened at $198.55 on Monday. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21. The firm has a fifty day moving average of $194.36 and a 200-day moving average of $186.66. The firm has a market capitalization of $213.10 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. 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 (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion during 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 earnings per share 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 paid a $0.36 dividend. This is a positive change 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 0.73%. The ex-dividend date was Monday, March 10th. GE Aerospace’s dividend payout ratio is currently 22.40%.

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.