Paragon Private Wealth Management LLC boosted its stake in GE Aerospace (NYSE:GE – Free Report) by 171.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,077 shares of the company’s stock after purchasing an additional 1,944 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in GE Aerospace were worth $926,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc lifted its position in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after buying an additional 43 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $26,000. Lavaca Capital LLC boosted its position in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares in the last quarter. Finally, IMG Wealth Management Inc. increased its position in GE Aerospace by 113.5% in the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
GE Aerospace Stock Up 0.4%
Shares of NYSE GE opened at $294.94 on Tuesday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $332.79. The firm has a market capitalization of $311.10 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 1.94 and a beta of 1.40. The stock has a 50 day moving average price of $304.98 and a 200 day moving average price of $293.06. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.04.
GE Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Monday, December 29th were issued a $0.36 dividend. The ex-dividend date was Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s payout ratio is currently 17.69%.
Analyst Ratings Changes
GE has been the topic of a number of research reports. UBS Group set a $374.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on GE Aerospace from $375.00 to $387.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen increased their price target on GE Aerospace from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Bank of America upped their price objective on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $319.00.
Read Our Latest Analysis on GE
Insider Buying and Selling at GE Aerospace
In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.
About GE Aerospace
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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