Dark Forest Capital Management LP Boosts Stake in GE Aerospace (NYSE:GE)

Dark Forest Capital Management LP boosted its holdings in GE Aerospace (NYSE:GE) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 4,841 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Dark Forest Capital Management LP’s holdings in GE Aerospace were worth $807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC increased its stake in shares of GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company’s stock worth $39,000 after acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of GE Aerospace by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Ballast Advisors LLC lifted its holdings in shares of GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company’s stock valued at $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC grew its stake in shares of GE Aerospace by 3.8% in the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company’s stock valued at $245,000 after buying an additional 54 shares in the last quarter. Finally, Game Plan Financial Advisors LLC increased its holdings in GE Aerospace by 10.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company’s stock worth $96,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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 note on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on GE Aerospace from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Redburn Atlantic began coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target for the company. JPMorgan Chase & Co. raised their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average price target of $216.92.

GE Aerospace Price Performance

NYSE:GE opened at $197.40 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The company has a fifty day moving average price of $194.59 and a 200 day moving average price of $186.61. The stock has a market cap of $211.87 billion, a P/E ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Analysts anticipate 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 will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. GE Aerospace’s dividend payout ratio (DPR) is presently 22.40%.

GE Aerospace Company 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.