Arcataur Capital Management LLC Sells 126 Shares of GE Aerospace (NYSE:GE)

Arcataur Capital Management LLC lowered its holdings in GE Aerospace (NYSE:GEFree Report) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,551 shares of the company’s stock after selling 126 shares during the quarter. Arcataur Capital Management LLC’s holdings in GE Aerospace were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after acquiring an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. Putney Financial Group LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in shares of GE Aerospace during the 1st quarter valued at $28,000. Finally, Copia Wealth Management lifted its holdings in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

NYSE GE opened at $271.28 on Monday. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $272.83. The company has a fifty day moving average of $248.37 and a 200-day moving average of $215.59. The company has a market capitalization of $287.67 billion, a P/E ratio of 37.84, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share 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 for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities research analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.53%. GE Aerospace’s dividend payout ratio is currently 20.08%.

Insider Buying and Selling

In other news, 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 sale, the senior vice president directly owned 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

GE has been the subject of several analyst reports. Wells Fargo & Company raised their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reissued a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, UBS Group increased their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, GE Aerospace currently has an average rating of “Moderate Buy” and an average target price of $232.92.

Read Our Latest Stock Analysis on GE

GE Aerospace Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for GE Aerospace (NYSE:GE)

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