Hhlr Advisors LTD. Grows Stock Position in GE Aerospace (NYSE:GE)

Hhlr Advisors LTD. increased its holdings in GE Aerospace (NYSE:GE) by 80.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,328 shares of the company’s stock after buying an additional 4,615 shares during the period. Hhlr Advisors LTD.’s holdings in GE Aerospace were worth $1,723,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Johnson & White Wealth Management LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $733,000. Chung Wu Investment Group LLC bought a new position in GE Aerospace in the fourth quarter valued at $795,000. National Bank of Canada FI lifted its stake in GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company’s stock worth $177,535,000 after purchasing an additional 29,844 shares during the last quarter. World Investment Advisors LLC increased its position in shares of GE Aerospace by 60.7% during the 3rd quarter. World Investment Advisors LLC now owns 13,662 shares of the company’s stock valued at $2,576,000 after purchasing an additional 5,162 shares during the last quarter. Finally, National Pension Service lifted its position in GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company’s stock worth $376,051,000 after buying an additional 37,884 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GE shares. Royal Bank of Canada restated an “outperform” rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. UBS Group increased their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Citigroup decreased their target price 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Northcoast Research raised GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $216.92.

Insider Activity at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, 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 SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

GE Aerospace Stock Performance

Shares of NYSE GE opened at $200.89 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $214.21. The firm has a fifty day moving average price of $194.18 and a 200-day moving average price of $186.72. The stock has a market cap of $215.61 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts anticipate 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. Stockholders of record on Monday, March 10th were given a dividend of $0.36 per share. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, March 10th. GE Aerospace’s dividend payout ratio is currently 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.