Bensler LLC Purchases Shares of 1,053 GE Aerospace (NYSE:GE)

Bensler LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,053 shares of the company's stock, valued at approximately $211,000.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised 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 last quarter. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $228,000. Stonebridge Financial Group LLC acquired a new position in shares of GE Aerospace during the 4th quarter worth about $169,000. Finally, Leavell Investment Management Inc. raised its position in shares of GE Aerospace by 35.5% during the 4th quarter. Leavell Investment Management Inc. now owns 11,472 shares of the company's stock worth $1,917,000 after purchasing an additional 3,003 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Down 1.6%

Shares of NYSE GE traded down $3.92 during midday trading on Friday, reaching $236.07. 7,408,374 shares of the stock were exchanged, compared to its average volume of 5,427,368. The company has a 50 day simple moving average of $215.08 and a 200 day simple moving average of $197.88. The stock has a market capitalization of $251.74 billion, a P/E ratio of 39.41, a PEG ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate 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 expect that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Transactions at GE Aerospace

In related 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 transaction 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 approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. 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. Redburn Atlantic began coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target 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.