GE Aerospace (NYSE:GE) Shares Purchased by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. increased its position in shares of GE Aerospace (NYSE:GE) by 323.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,597 shares of the company’s stock after acquiring an additional 14,204 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in GE Aerospace were worth $3,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GE. Virtu Financial LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth about $3,400,000. Westside Investment Management Inc. boosted its stake in GE Aerospace by 6.0% during the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the company’s stock worth $235,000 after buying an additional 70 shares during the period. Diamant Asset Management Inc. increased its position in shares of GE Aerospace by 2.7% during the third quarter. Diamant Asset Management Inc. now owns 6,098 shares of the company’s stock valued at $1,150,000 after acquiring an additional 158 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of GE Aerospace by 30.2% in the 3rd quarter. Morse Asset Management Inc now owns 18,616 shares of the company’s stock valued at $3,511,000 after acquiring an additional 4,320 shares during the period. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of GE Aerospace by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the company’s stock worth $2,308,000 after acquiring an additional 232 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price for the company. Bank of America boosted their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of GE Aerospace from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.92.

GE Aerospace Trading Up 0.6 %

NYSE GE opened at $198.55 on Friday. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $214.21. The firm has a 50 day moving average of $194.36 and a two-hundred day moving average of $186.67. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $213.10 billion, a PE ratio of 33.15, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS 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 firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal 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 $0.36 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.73%. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. GE Aerospace’s dividend payout ratio is presently 22.40%.

About GE Aerospace

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.