GE Aerospace (NYSE:GE) VP Robert M. Giglietti Sells 4,104 Shares of Stock

GE Aerospace (NYSE:GE) VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were 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 owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

GE Aerospace Trading Up 1.2 %

Shares of GE stock opened at $200.89 on Tuesday. The business’s fifty day moving average price is $194.18 and its 200 day moving average price is $186.72. 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 firm has a market capitalization of $215.61 billion, a PE ratio of 33.54, a P/E/G ratio of 2.59 and a beta of 1.04. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $214.21.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently announced 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. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace’s payout ratio is presently 22.40%.

Analyst Upgrades and Downgrades

GE has been the topic of a number of recent research reports. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. 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. Wells Fargo & Company boosted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.92.

Institutional Trading of GE Aerospace

Institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in GE Aerospace during the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the 4th quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth about $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.