Aptus Capital Advisors LLC Purchases 47,159 Shares of GE Aerospace $GE

Aptus Capital Advisors LLC increased its position in GE Aerospace (NYSE:GE) by 333.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,317 shares of the company’s stock after purchasing an additional 47,159 shares during the period. Aptus Capital Advisors LLC’s holdings in GE Aerospace were worth $12,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GE. Vanguard Group Inc. grew its stake in shares of GE Aerospace by 0.8% in the first quarter. Vanguard Group Inc. now owns 90,507,442 shares of the company’s stock worth $18,115,065,000 after acquiring an additional 692,124 shares during the last quarter. Northern Trust Corp grew its position in GE Aerospace by 5.8% during the 4th quarter. Northern Trust Corp now owns 10,046,867 shares of the company’s stock valued at $1,675,717,000 after purchasing an additional 553,104 shares during the last quarter. Invesco Ltd. increased its stake in GE Aerospace by 0.6% during the 1st quarter. Invesco Ltd. now owns 9,599,522 shares of the company’s stock valued at $1,921,344,000 after purchasing an additional 54,765 shares in the last quarter. GQG Partners LLC purchased a new position in GE Aerospace in the first quarter worth about $1,606,840,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of GE Aerospace by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,184,973 shares of the company’s stock worth $1,198,382,000 after buying an additional 628,458 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Friday. Citigroup reissued a “buy” rating and issued a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada increased their price objective on GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $232.92.

GE Aerospace Trading Up 0.2%

Shares of NYSE:GE opened at $268.46 on Tuesday. The stock’s 50-day simple moving average is $257.78 and its two-hundred day simple moving average is $224.93. The stock has a market capitalization of $284.69 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.88 and a beta of 1.44. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $281.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. Analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 20.08%.

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.