High Falls Advisors Inc Buys New Stake in GE Aerospace (NYSE:GE)

High Falls Advisors Inc bought a new stake in GE Aerospace (NYSE:GE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,012 shares of the company’s stock, valued at approximately $203,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. XTX Topco Ltd boosted its stake in GE Aerospace by 163.8% during the 4th quarter. XTX Topco Ltd now owns 3,355 shares of the company’s stock valued at $560,000 after purchasing an additional 2,083 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in GE Aerospace by 2.5% during the 4th quarter. Evergreen Capital Management LLC now owns 7,025 shares of the company’s stock valued at $1,174,000 after purchasing an additional 172 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in GE Aerospace by 142.3% during the 4th quarter. Main Street Financial Solutions LLC now owns 4,535 shares of the company’s stock valued at $756,000 after purchasing an additional 2,663 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $269.86 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $281.50. The business has a fifty day simple moving average of $257.20 and a 200 day simple moving average of $223.67. The firm has a market cap of $286.17 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.89 and a beta of 1.44.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the company earned $1.20 earnings per share. GE Aerospace’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Citigroup reiterated a “buy” rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company raised their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised GE Aerospace from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $232.92.

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.