Tower Research Capital LLC TRC Buys 43,359 Shares of GE Aerospace (NYSE:GE)

Tower Research Capital LLC TRC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 195.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,517 shares of the company's stock after purchasing an additional 43,359 shares during the period. Tower Research Capital LLC TRC's holdings in GE Aerospace were worth $10,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GE. Truvestments Capital LLC lifted its stake in shares of GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after acquiring an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in shares of GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after acquiring an additional 50 shares in the last quarter. Ballast Advisors LLC raised its position in shares of GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after acquiring an additional 51 shares in the last quarter. Blue Barn Wealth LLC raised its holdings in shares of GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after purchasing an additional 54 shares during the period. Finally, Game Plan Financial Advisors LLC lifted its position in shares of GE Aerospace by 10.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after buying an additional 55 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 1.6 %

NYSE GE traded up $3.01 on Thursday, hitting $196.69. 3,401,181 shares of the stock were exchanged, compared to its average volume of 5,416,312. The company's 50-day moving average price is $194.82 and its two-hundred day moving average price is $186.53. The company has a market capitalization of $211.11 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 2.59 and a beta of 1.04. 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.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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. The firm had revenue of $9.94 billion during 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%. Research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. 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. The ex-dividend date of this dividend is Monday, March 10th. GE Aerospace's payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Wells Fargo & Company increased their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday. Citigroup reduced their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Redburn Atlantic assumed coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.