Graybill Wealth Management LTD. Takes Position in GE Aerospace (NYSE:GE)

Graybill Wealth Management LTD. acquired a new stake in GE Aerospace (NYSE:GE) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 28,222 shares of the company’s stock, valued at approximately $5,649,000. GE Aerospace makes up 1.9% of Graybill Wealth Management LTD.’s portfolio, making the stock its 22nd largest holding.

Other institutional investors have also modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE increased its position in shares of GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC increased its position in shares of GE Aerospace by 2.5% in the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company’s stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. First Pacific Financial increased its position in shares of GE Aerospace by 46.0% in the first quarter. First Pacific Financial now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. First Heartland Consultants Inc. increased its position in shares of GE Aerospace by 1.2% in the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company’s stock valued at $789,000 after acquiring an additional 54 shares during the last quarter. Finally, Affinity Wealth Management LLC increased its position in shares of GE Aerospace by 4.4% in the first quarter. Affinity Wealth Management LLC now owns 1,318 shares of the company’s stock valued at $264,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.2%

Shares of NYSE:GE opened at $255.49 on Monday. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $260.55. The stock has a market cap of $272.45 billion, a PE ratio of 39.73, a P/E/G ratio of 3.06 and a beta of 1.37. The business has a 50 day moving average of $239.17 and a 200-day moving average of $209.03. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The business 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 29.15% and a net margin of 17.63%. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.56%. GE Aerospace’s dividend payout ratio (DPR) is currently 22.40%.

Insider Activity at GE Aerospace

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GE shares. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted 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, April 24th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $223.75.

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.