GE Aerospace (NYSE:GE) Shares Sold by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC decreased its position in GE Aerospace (NYSE:GE) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,522 shares of the company’s stock after selling 51 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in GE Aerospace were worth $254,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Citigroup cut 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. Finally, Wells Fargo & Company raised 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. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $216.92.

GE Aerospace Trading Up 1.9 %

Shares of GE Aerospace stock opened at $197.40 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $194.59 and a 200-day simple moving average of $186.61. The stock has a market cap of $211.87 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 2.59 and a beta of 1.04. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $214.21.

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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. On average, equities analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given 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 of this dividend is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.73%. GE Aerospace’s payout ratio is 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.