1,424 Shares in GE Aerospace (NYSE:GE) Bought by Aspire Growth Partners LLC

Aspire Growth Partners LLC acquired a new stake in GE Aerospace (NYSE:GE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,424 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC increased its position in GE Aerospace by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company’s stock worth $2,576,000 after buying an additional 5,162 shares during the period. Franklin Resources Inc. grew its position in shares of GE Aerospace by 206.5% during the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the company’s stock worth $278,247,000 after acquiring an additional 973,135 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of GE Aerospace by 3.8% during the third quarter. Principal Financial Group Inc. now owns 1,323,553 shares of the company’s stock worth $249,596,000 after acquiring an additional 48,543 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of GE Aerospace by 18.4% in the 4th quarter. Versant Capital Management Inc now owns 18,180 shares of the company’s stock valued at $3,032,000 after acquiring an additional 2,828 shares during the period. Finally, CWA Asset Management Group LLC raised its position in GE Aerospace by 14.0% in the 4th quarter. CWA Asset Management Group LLC now owns 4,828 shares of the company’s stock valued at $805,000 after purchasing an additional 594 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup dropped their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Northcoast Research upgraded GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. Redburn Atlantic assumed coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. lifted their target price 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, UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.92.

Insider Buying and Selling at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. The trade was a 15.39 % decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Stock Performance

NYSE:GE opened at $207.87 on Friday. The firm’s fifty day simple moving average is $194.31 and its 200-day simple moving average is $187.12. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $221.67 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $214.21.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Analysts expect that GE Aerospace will post 5.4 earnings per share 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 0.69%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. GE Aerospace’s payout ratio is presently 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.