Howard Capital Management Inc. Decreases Stake in GE Aerospace (NYSE:GE)

Howard Capital Management Inc. decreased its holdings in GE Aerospace (NYSE:GE) by 12.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,100 shares of the company’s stock after selling 905 shares during the period. Howard Capital Management Inc.’s holdings in GE Aerospace were worth $1,221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC boosted its holdings in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace during the fourth quarter worth $28,000. Putney Financial Group LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter valued at $28,000. Finally, Copia Wealth Management increased its stake in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

Shares of GE stock opened at $273.19 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The stock has a market capitalization of $289.70 billion, a PE ratio of 38.10, a PEG ratio of 2.91 and a beta of 1.37. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $273.80. The stock’s fifty day moving average is $250.58 and its 200-day moving average is $217.05.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share 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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the business posted $1.20 earnings per share. GE Aerospace’s revenue was up 21.2% compared to the same quarter last year. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.53%. GE Aerospace’s dividend payout ratio is presently 20.08%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GE shares. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Citigroup reaffirmed a “buy” rating and issued a $296.00 target price (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Finally, Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.92.

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.