1,761 Shares in GE Aerospace (NYSE:GE) Acquired by Retireful LLC

Retireful LLC purchased a new position in GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,761 shares of the company's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% during the fourth 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 position 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 acquiring an additional 150 shares during the last quarter. Golden State Equity Partners grew its position in shares of GE Aerospace by 255.2% during the fourth quarter. Golden State Equity Partners now owns 1,236 shares of the company's stock worth $206,000 after acquiring an additional 888 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of GE Aerospace by 6.5% during the fourth quarter. Boston Trust Walden Corp now owns 5,739 shares of the company's stock worth $957,000 after acquiring an additional 350 shares during the last quarter. Finally, 1858 Wealth Management LLC grew its position in shares of GE Aerospace by 19.8% during the fourth quarter. 1858 Wealth Management LLC now owns 9,268 shares of the company's stock worth $1,546,000 after acquiring an additional 1,529 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $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 Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group upped their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Royal Bank of Canada increased their target price on shares of GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Price Performance

NYSE GE traded up $0.85 on Thursday, reaching $251.73. The company's stock had a trading volume of 4,140,352 shares, compared to its average volume of 5,363,688. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $253.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market cap of $268.44 billion, a PE ratio of 42.03, a PEG ratio of 2.59 and a beta of 1.38. The firm's 50 day moving average is $207.88 and its two-hundred day moving average is $195.04.

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 analyst estimates of $9.06 billion. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Company 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.