BridgePort Financial Solutions LLC Makes New $234,000 Investment in GE Aerospace (NYSE:GE)

BridgePort Financial Solutions LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,405 shares of the company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC boosted its holdings in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace in the fourth quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale 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 business'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 completion of the transaction, the vice president now owns 11,540 shares of the company's stock, 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 owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup reduced their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group raised their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Stock Up 0.2%

GE Aerospace stock traded up $0.47 on Thursday, hitting $244.14. 5,243,611 shares of the stock traded hands, compared to its average volume of 5,359,639. 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's fifty day simple moving average is $203.85 and its 200 day simple moving average is $192.75. The firm has a market cap of $260.34 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $247.99.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share 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 business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

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.