GE Aerospace (NYSE:GE) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,470,557 shares of the company's stock after buying an additional 63,968 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.23% of GE Aerospace worth $412,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson & White Wealth Management LLC acquired a new position in GE Aerospace during the fourth quarter worth $733,000. Chung Wu Investment Group LLC acquired a new stake in GE Aerospace in the 4th quarter worth about $795,000. National Bank of Canada FI raised its holdings in shares of GE Aerospace by 2.9% during the fourth quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after acquiring an additional 29,844 shares during the last quarter. World Investment Advisors LLC raised its holdings in shares of GE Aerospace by 60.7% during the third quarter. World Investment Advisors LLC now owns 13,662 shares of the company's stock valued at $2,576,000 after acquiring an additional 5,162 shares during the last quarter. Finally, National Pension Service lifted its position in shares of GE Aerospace by 1.7% in the fourth quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after acquiring an additional 37,884 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Trading Up 1.6 %

GE stock traded up $3.02 on Thursday, hitting $196.70. 2,546,932 shares of the company were exchanged, compared to its average volume of 5,413,187. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock has a market capitalization of $211.12 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $214.21. The business's fifty day moving average is $194.82 and its two-hundred day moving average is $186.53.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.73%. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's dividend payout ratio (DPR) is presently 24.04%.

Wall Street Analyst Weigh In

GE has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.07.

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.