New Republic Capital LLC Has $396,000 Holdings in GE Aerospace (NYSE:GE)

New Republic Capital LLC lifted its holdings in GE Aerospace (NYSE:GE) by 5.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,977 shares of the company’s stock after acquiring an additional 101 shares during the period. New Republic Capital LLC’s holdings in GE Aerospace were worth $396,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the first quarter worth about $28,000. Copia Wealth Management grew its stake in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after buying an additional 84 shares in the last quarter. O Brien Wealth Partners LLC acquired a new stake in GE Aerospace during the first quarter worth about $33,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the fourth quarter worth about $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 1.2%

Shares of NYSE GE opened at $271.28 on Monday. The company has a 50 day simple moving average of $248.37 and a 200 day simple moving average of $215.59. The firm has a market cap of $287.67 billion, a PE ratio of 37.84, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $272.83. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data 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. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.20 EPS. On average, research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.53%. GE Aerospace’s dividend payout ratio (DPR) is presently 20.08%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the firm’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 transaction of $321,473.34. Following the completion of the transaction, the senior vice president owned 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have 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. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Barclays raised their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, UBS Group raised their price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company 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 issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $232.92.

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.