Nicolet Advisory Services LLC Buys 154 Shares of GE Aerospace (NYSE:GE)

Nicolet Advisory Services LLC increased its stake in GE Aerospace (NYSE:GE) by 3.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,975 shares of the company’s stock after buying an additional 154 shares during the period. Nicolet Advisory Services LLC’s holdings in GE Aerospace were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares in the last quarter. Hudock Inc. boosted its stake in GE Aerospace by 1.8% in the 1st quarter. Hudock Inc. now owns 2,905 shares of the company’s stock worth $582,000 after purchasing an additional 50 shares in the last quarter. First Pacific Financial grew its position in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. First Heartland Consultants Inc. increased its stake in GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company’s stock valued at $789,000 after purchasing an additional 54 shares in the last quarter. Finally, Motco raised its holdings in GE Aerospace by 18.5% in the first quarter. Motco now owns 353 shares of the company’s stock worth $71,000 after buying an additional 55 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Citigroup reaffirmed a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $232.92.

GE Aerospace Stock Down 1.0%

GE Aerospace stock opened at $270.90 on Friday. GE Aerospace has a one year low of $150.20 and a one year high of $274.94. The stock has a fifty day moving average of $251.39 and a 200 day moving average of $217.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market cap of $287.27 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.94 and a beta of 1.37.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the company posted $1.20 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s payout ratio is presently 20.08%.

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.