GE Aerospace (NYSE:GE) Shares Purchased by Circle Wealth Management LLC

Circle Wealth Management LLC raised its holdings in shares of GE Aerospace (NYSE:GE) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,351 shares of the company’s stock after buying an additional 155 shares during the period. Circle Wealth Management LLC’s holdings in GE Aerospace were worth $225,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of GE Aerospace by 3.8% in the third quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the company’s stock worth $249,596,000 after buying an additional 48,543 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of GE Aerospace by 217.4% in the fourth quarter. Fulton Bank N.A. now owns 5,888 shares of the company’s stock worth $982,000 after purchasing an additional 4,033 shares in the last quarter. Baker Tilly Wealth Management LLC increased its stake in GE Aerospace by 7.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,459 shares of the company’s stock valued at $410,000 after buying an additional 163 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in GE Aerospace by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 551,171 shares of the company’s stock worth $91,930,000 after purchasing an additional 4,828 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of GE Aerospace by 20.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 9,693 shares of the company’s stock valued at $1,617,000 after buying an additional 1,656 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GE shares. 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. JPMorgan Chase & Co. increased their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northcoast Research raised shares of GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Wednesday, April 9th. Redburn Atlantic initiated coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Bank of America increased their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $216.92.

GE Aerospace Trading Up 2.2 %

GE opened at $214.64 on Friday. The firm has a 50 day simple moving average of $194.92 and a 200 day simple moving average of $187.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market cap of $228.89 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $216.80.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for 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, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 0.67%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. GE Aerospace’s dividend payout ratio is 22.40%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president now owns 8,805 shares of the company’s stock, valued at $1,766,899.35. This trade represents a 15.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

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.