MetLife Investment Management LLC Increases Stock Holdings in GE Aerospace (NYSE:GE)

MetLife Investment Management LLC raised its stake in GE Aerospace (NYSE:GE - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 296,564 shares of the company's stock after purchasing an additional 3,877 shares during the period. MetLife Investment Management LLC's holdings in GE Aerospace were worth $49,464,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Citigroup reduced their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Bank of America raised their price target on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.07.

GE Aerospace Price Performance

GE traded up $3.20 during midday trading on Thursday, reaching $196.88. 2,828,388 shares of the company's stock were exchanged, compared to its average volume of 5,414,070. The business's 50-day moving average price is $194.82 and its 200 day moving average price is $186.53. The stock has a market capitalization of $211.31 billion, a PE ratio of 32.88, a P/E/G ratio of 2.59 and a beta of 1.04. GE Aerospace has a 1-year low of $150.20 and a 1-year 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 results 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. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations 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 anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

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

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.