GE Aerospace (NYSE:GE) VP Sells $807,379.92 in Stock

GE Aerospace (NYSE:GE - Get Free Report) VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

GE Aerospace Stock Performance

Shares of GE traded up $2.46 during trading hours on Monday, hitting $200.89. The company's stock had a trading volume of 3,414,345 shares, compared to its average volume of 5,389,876. The business has a 50 day simple moving average of $194.36 and a two-hundred day simple moving average of $186.66. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. 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 company has a market cap of $215.61 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating 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 business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. On average, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio is currently 22.40%.

Hedge Funds Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently modified their holdings of the company. New Age Alpha Advisors LLC raised its position in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the fourth quarter worth about $28,000. Putney Financial Group LLC purchased a new stake in GE Aerospace during the 4th quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in GE Aerospace during the 4th quarter worth approximately $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Citigroup dropped their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $216.92.

About GE Aerospace

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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