LRI Investments LLC Buys 166 Shares of GE Aerospace (NYSE:GE)

LRI Investments LLC boosted its stake in GE Aerospace (NYSE:GE) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,970 shares of the company’s stock after purchasing an additional 166 shares during the quarter. LRI Investments LLC’s holdings in GE Aerospace were worth $329,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Johnson & White Wealth Management LLC bought a new stake in GE Aerospace in the fourth quarter valued at $733,000. Chung Wu Investment Group LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at $795,000. National Bank of Canada FI boosted its holdings in shares of GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock valued at $177,535,000 after buying an additional 29,844 shares in the last quarter. National Pension Service boosted its holdings in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company’s stock valued at $376,051,000 after buying an additional 37,884 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in shares of GE Aerospace by 28.4% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 25,808 shares of the company’s stock valued at $4,305,000 after buying an additional 5,710 shares in the last quarter. 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 stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the vice president now owns 11,540 shares of the company’s stock, valued at $2,270,264.20. The trade was 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 insiders.

GE Aerospace Price Performance

NYSE GE opened at $214.83 on Monday. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $221.47. The firm has a market capitalization of $229.09 billion, a P/E ratio of 35.86, a PEG ratio of 2.59 and a beta of 1.31. 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 company has a 50-day moving average price of $195.24 and a 200-day moving average price of $187.97.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion during 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%. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.67%. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace’s dividend payout ratio is currently 22.40%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GE. Redburn Atlantic began coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Northcoast Research upgraded shares of GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, April 9th. Finally, UBS Group upped 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, April 23rd. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $216.92.

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.