GE Aerospace (NYSE:GE) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in shares of GE Aerospace (NYSE:GE) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,661,728 shares of the company’s stock after selling 25,840 shares during the quarter. Ensign Peak Advisors Inc’s holdings in GE Aerospace were worth $277,160,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC lifted its position in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after buying an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in GE Aerospace in the 4th quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 2.2 %

GE Aerospace stock opened at $214.64 on Friday. The stock’s fifty day moving average is $194.92 and its two-hundred day moving average is $187.61. The stock has a market cap of $228.89 billion, a PE ratio of 35.83, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $216.80. 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 (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 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 for the quarter, compared to analyst estimates of $9.06 billion. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS 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 issued a $0.36 dividend. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, March 10th. GE Aerospace’s payout ratio is presently 22.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GE. Northcoast Research upgraded GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Citigroup lowered their target price on GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company raised 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. Finally, Redburn Atlantic started coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $216.92.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39 % decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

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.