Capital Advantage Inc. Makes New $203,000 Investment in GE Aerospace (NYSE:GE)

Capital Advantage Inc. purchased a new stake in GE Aerospace (NYSE:GE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,216 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of GE. New Age Alpha Advisors LLC lifted its holdings 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 buying an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace during the 4th quarter worth $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace in the fourth quarter worth $29,000. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GE. Northcoast Research upgraded GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Wednesday, April 9th. Royal Bank of Canada restated an “outperform” rating and issued a $220.00 price target on shares of GE Aerospace in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Bank of America raised their price objective on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, UBS Group upped their price target on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.92.

GE Aerospace Stock Down 0.0 %

NYSE:GE opened at $208.92 on Wednesday. The stock’s fifty day moving average is $194.61 and its two-hundred day moving average is $187.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. 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 capitalization of $222.79 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were issued a dividend of $0.36 per share. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.40%.

GE Aerospace 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.