Bath Savings Trust Co Has $1.10 Million Stock Position in GE Aerospace (NYSE:GE)

Bath Savings Trust Co decreased its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 26.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,471 shares of the company's stock after selling 1,973 shares during the quarter. Bath Savings Trust Co's holdings in GE Aerospace were worth $1,095,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GE. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Nilsine Partners LLC lifted its holdings in shares of GE Aerospace by 22.4% during the fourth quarter. Nilsine Partners LLC now owns 1,421 shares of the company's stock worth $237,000 after buying an additional 260 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings 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 buying an additional 150 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of GE Aerospace by 8.9% during the fourth quarter. Perigon Wealth Management LLC now owns 15,014 shares of the company's stock worth $2,699,000 after buying an additional 1,222 shares in the last quarter. Finally, BSW Wealth Partners lifted its holdings in shares of GE Aerospace by 15.8% during the fourth quarter. BSW Wealth Partners now owns 3,042 shares of the company's stock worth $507,000 after buying an additional 416 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Redburn Atlantic assumed 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. Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price on shares of GE Aerospace in a report on Wednesday, April 23rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Price Performance

GE Aerospace stock traded up $1.68 during midday trading on Friday, reaching $245.84. The company's stock had a trading volume of 9,141,246 shares, compared to its average volume of 5,381,047. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $246.86. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $205.20 and a 200-day moving average price of $193.60. The stock has a market cap of $262.16 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $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 accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, valued at approximately $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. Company insiders own 0.21% of the company's stock.

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.