274 Shares in GE Aerospace (NYSE:GE) Bought by Columbia River Financial Group LLC

Columbia River Financial Group LLC acquired a new position in shares of GE Aerospace (NYSE:GE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 274 shares of the company’s stock, valued at approximately $55,000.

Several other large investors have also modified their holdings of GE. Strategic Blueprint LLC raised its stake in GE Aerospace by 159.2% during the 1st quarter. Strategic Blueprint LLC now owns 10,066 shares of the company’s stock valued at $2,015,000 after purchasing an additional 6,183 shares during the last quarter. Brookstone Capital Management raised its stake in GE Aerospace by 6.6% during the 1st quarter. Brookstone Capital Management now owns 21,325 shares of the company’s stock valued at $4,268,000 after purchasing an additional 1,315 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in GE Aerospace by 28.7% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,053 shares of the company’s stock valued at $211,000 after purchasing an additional 235 shares during the last quarter. SMART Wealth LLC raised its stake in GE Aerospace by 26.0% during the 1st quarter. SMART Wealth LLC now owns 4,217 shares of the company’s stock valued at $844,000 after purchasing an additional 871 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in GE Aerospace during the 1st quarter valued at $667,000. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Citigroup dropped their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.75.

GE Aerospace Trading Up 0.8%

Shares of GE Aerospace stock opened at $246.78 on Friday. The stock has a market capitalization of $263.16 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 2.98 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company has a 50-day simple moving average of $234.38 and a 200 day simple moving average of $205.62. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $260.55.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. Research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. GE Aerospace’s dividend payout ratio is currently 22.40%.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president owned 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president directly owned 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Company Profile

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.