Firethorn Wealth Partners LLC Takes $245,000 Position in GE Aerospace (NYSE:GE)

Firethorn Wealth Partners LLC bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,225 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management grew its stake in shares of GE Aerospace by 32.0% during the fourth quarter. Spire Wealth Management now owns 8,229 shares of the company's stock worth $1,372,000 after purchasing an additional 1,993 shares in the last quarter. Golden State Equity Partners increased its holdings in GE Aerospace by 255.2% in the fourth quarter. Golden State Equity Partners now owns 1,236 shares of the company's stock valued at $206,000 after buying an additional 888 shares during the last quarter. Finally, KPP Advisory Services LLC raised its position in shares of GE Aerospace by 13.1% during the 4th quarter. KPP Advisory Services LLC now owns 1,545 shares of the company's stock worth $258,000 after acquiring an additional 179 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

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

GE Aerospace Trading Up 0.3%

Shares of NYSE:GE traded up $0.85 during trading on Thursday, reaching $251.73. The stock had a trading volume of 4,140,352 shares, compared to its average volume of 5,359,370. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $253.06. The business has a fifty day moving average price of $207.88 and a 200-day moving average price of $195.04. The stock has a market cap of $268.44 billion, a P/E ratio of 42.03, a PEG ratio of 2.59 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Citigroup decreased their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Royal Bank of Canada lifted their price objective on shares of GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

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.