Circle Wealth Management LLC Buys 155 Shares of GE Aerospace (NYSE:GE)

Circle Wealth Management LLC raised its position in GE Aerospace (NYSE:GE) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,351 shares of the company’s stock after buying an additional 155 shares during the quarter. Circle Wealth Management LLC’s holdings in GE Aerospace were worth $225,000 at the end of the most recent quarter.

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

GE Aerospace Price Performance

Shares of NYSE GE opened at $214.64 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $216.80. The stock has a market cap of $228.89 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The stock has a fifty day moving average of $194.92 and a 200-day moving average of $187.61.

GE Aerospace (NYSE:GE) last posted its 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were issued a dividend of $0.36 per share. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 10th. This represents a $1.44 annualized dividend and a dividend yield of 0.67%. GE Aerospace’s payout ratio is presently 22.40%.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on GE. Bank of America lifted their target price on GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Northcoast Research upgraded shares of GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target 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.