Edgar Lomax Co. VA Reduces Stock Holdings in GE Aerospace (NYSE:GE)

Edgar Lomax Co. VA trimmed its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,475 shares of the conglomerate's stock after selling 1,870 shares during the period. Edgar Lomax Co. VA's holdings in GE Aerospace were worth $16,258,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in GE Aerospace in the fourth quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 3.1 %

Shares of GE traded up $5.87 during trading hours on Wednesday, hitting $195.05. The company had a trading volume of 4,175,831 shares, compared to its average volume of 5,467,364. The company has a market capitalization of $209.35 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. GE Aerospace has a one year low of $150.20 and a one year high of $214.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company's fifty day moving average price is $195.11 and its two-hundred day moving average price is $186.48.

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

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.74%. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. GE Aerospace's dividend payout ratio is presently 24.04%.

Analyst Ratings Changes

GE has been the topic of several analyst reports. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Northcoast Research raised 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. JPMorgan Chase & Co. lifted their price target on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America upped their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $213.40.

About GE Aerospace

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.