Nations Financial Group Inc. IA ADV Increases Position in GE Aerospace (NYSE:GE)

Nations Financial Group Inc. IA ADV increased its stake in GE Aerospace (NYSE:GE) by 210.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,860 shares of the company’s stock after purchasing an additional 5,332 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in GE Aerospace were worth $1,573,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sfmg LLC boosted its stake in shares of GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company’s stock worth $418,000 after purchasing an additional 48 shares during the last quarter. SGL Investment Advisors Inc. boosted its stake in shares of GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company’s stock worth $303,000 after purchasing an additional 49 shares during the last quarter. Hudock Inc. boosted its stake in shares of GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company’s stock worth $582,000 after purchasing an additional 50 shares during the last quarter. First Pacific Financial boosted its stake in shares of GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in shares of GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company’s stock worth $789,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Down 0.8%

GE opened at $267.62 on Friday. The business has a 50 day moving average price of $257.44 and a 200 day moving average price of $224.17. GE Aerospace has a twelve month low of $159.36 and a twelve month high of $281.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a market cap of $283.79 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 2.90 and a beta of 1.44.

GE Aerospace (NYSE:GE) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.23. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 EPS. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 20.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank Of Canada raised their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Finally, UBS Group raised their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.92.

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.