Bank of New Hampshire Has $1.79 Million Stock Position in GE Aerospace (NYSE:GE)

Bank of New Hampshire lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 235.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,958 shares of the company's stock after purchasing an additional 6,287 shares during the quarter. Bank of New Hampshire's holdings in GE Aerospace were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC boosted its position in shares of GE Aerospace by 4.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,224 shares of the company's stock valued at $1,846,000 after purchasing an additional 397 shares during the period. RDA Financial Network boosted its position in shares of GE Aerospace by 446.4% in the 1st quarter. RDA Financial Network now owns 9,180 shares of the company's stock valued at $1,837,000 after purchasing an additional 7,500 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of GE Aerospace by 5.2% in the 1st quarter. Revolve Wealth Partners LLC now owns 2,368 shares of the company's stock valued at $474,000 after purchasing an additional 117 shares during the period. UMB Bank n.a. boosted its position in shares of GE Aerospace by 6.2% in the 1st quarter. UMB Bank n.a. now owns 9,305 shares of the company's stock valued at $1,862,000 after purchasing an additional 545 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of GE Aerospace by 3.3% in the 1st quarter. Wedmont Private Capital now owns 17,234 shares of the company's stock valued at $3,449,000 after purchasing an additional 546 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Stock Up 1.5%

GE opened at $255.71 on Friday. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The business has a 50-day moving average of $209.94 and a 200-day moving average of $196.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $272.69 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the firm'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 value of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were 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 in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GE shares. Royal Bank of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group raised their price objective on 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 price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $221.15.

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.

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