GE Aerospace (NYSE:GE) is Sirios Capital Management L P's 8th Largest Position

Sirios Capital Management L P increased its position in shares of GE Aerospace (NYSE:GE - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,215 shares of the company's stock after acquiring an additional 33,521 shares during the quarter. GE Aerospace makes up about 3.6% of Sirios Capital Management L P's portfolio, making the stock its 8th biggest holding. Sirios Capital Management L P's holdings in GE Aerospace were worth $20,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in shares of GE Aerospace by 133.3% during 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 acquired a new stake in shares of GE Aerospace in the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace in the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC acquired a new position in GE Aerospace during the 4th quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new position in GE Aerospace in the 4th quarter valued at about $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Stock Up 0.6 %

Shares of NYSE GE traded up $1.14 during midday trading on Friday, hitting $198.55. 4,390,590 shares of the company's stock were exchanged, compared to its average volume of 5,399,809. The firm's fifty day simple moving average is $194.59 and its 200-day simple moving average is $186.61. The company has a market cap of $213.10 billion, a PE ratio of 33.15, a P/E/G 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 company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

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

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's payout ratio is 22.40%.

Analyst Ratings Changes

GE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. UBS Group increased their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a research note on Wednesday. Northcoast Research raised GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace 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.