GE Aerospace $GE Shares Sold by Curbstone Financial Management Corp

Curbstone Financial Management Corp decreased its holdings in shares of GE Aerospace (NYSE:GE) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,262 shares of the company’s stock after selling 50 shares during the period. Curbstone Financial Management Corp’s holdings in GE Aerospace were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $30,000. First Pacific Financial grew its holdings in shares of GE Aerospace by 46.0% in the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the period. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. TD Cowen upped their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.13.

GE Aerospace Price Performance

GE stock opened at $300.60 on Friday. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $307.25. 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 stock’s 50 day moving average price is $286.07 and its 200 day moving average price is $250.42. The firm has a market cap of $318.77 billion, a P/E ratio of 41.92, a PEG ratio of 3.23 and a beta of 1.49.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 20.08%.

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.