GE Aerospace $GE Shares Sold by First Wilshire Securities Management Inc.

by · The Cerbat Gem

First Wilshire Securities Management Inc. decreased its position in GE Aerospace (NYSE:GE – Free Report) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,190 shares of the company’s stock after selling 273 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in GE Aerospace were worth $638,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace during the fourth quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new stake in shares of GE Aerospace during the first quarter worth approximately $28,000. Copia Wealth Management grew its position in shares of 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. First Pacific Financial grew its position in shares of GE Aerospace by 46.0% during the first quarter. First Pacific Financial now owns 165 shares of the company’s stock worth $33,000 after buying an additional 52 shares in the last quarter. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Stock Performance

GE stock opened at $268.46 on Tuesday. 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 capitalization of $284.69 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.88 and a beta of 1.44. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The stock’s fifty day moving average is $257.78 and its two-hundred day moving average is $224.93.

GE Aerospace (NYSE:GE – Get Free Report) last posted its 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. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 20.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Friday. Citigroup restated a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Royal Bank Of Canada raised their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.92.

View Our Latest Stock Analysis on GE Aerospace

About GE Aerospace

(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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