GE Aerospace (NYSE:GE) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. cut its stake in GE Aerospace (NYSE:GE - Free Report) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,617 shares of the company's stock after selling 7,257 shares during the quarter. Anderson Hoagland & Co.'s holdings in GE Aerospace were worth $7,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GE. Truvestments Capital LLC lifted its position in GE Aerospace by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after acquiring an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its holdings in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after acquiring an additional 50 shares during the period. Ballast Advisors LLC grew its stake in GE Aerospace by 2.5% in the 4th 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 period. Blue Barn Wealth LLC grew its position in shares of GE Aerospace by 3.8% in the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after purchasing an additional 54 shares during the period. Finally, First Heartland Consultants Inc. boosted its holdings in GE Aerospace by 1.2% in the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after buying an additional 54 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace 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 transaction of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the company's 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

GE Aerospace Stock Up 0.4%

NYSE:GE traded up $1.12 during midday trading on Thursday, hitting $252.00. 1,991,126 shares of the company were exchanged, compared to its average volume of 5,350,957. The company has a market capitalization of $268.73 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $253.06. The company has a fifty day simple moving average of $207.88 and a 200 day simple moving average of $195.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

GE has been the topic of a number of research reports. Royal Bank of Canada upped their price target on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Wells Fargo & Company increased 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. Citigroup reduced their price target on shares of 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, Redburn Atlantic began coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average 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.