Brucke Financial Inc. bought a new stake in GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,413 shares of the company's stock, valued at approximately $236,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Yoffe Investment Management LLC acquired a new position in GE Aerospace during the fourth quarter valued at approximately $615,000. Capital A Wealth Management LLC purchased a new position in shares of GE Aerospace in the 4th quarter valued at $57,000. Windmill Hill Asset Management Ltd lifted its holdings in shares of GE Aerospace by 0.8% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 33,154 shares of the company's stock valued at $5,530,000 after acquiring an additional 275 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in GE Aerospace during the 4th quarter worth $677,000. Finally, Great Valley Advisor Group Inc. boosted its position in GE Aerospace by 3.0% during the 4th quarter. Great Valley Advisor Group Inc. now owns 10,978 shares of the company's stock worth $1,831,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
GE Aerospace Stock Up 0.2%
Shares of GE Aerospace stock traded up $0.47 on Thursday, hitting $244.14. 5,132,750 shares of the company's stock traded hands, compared to its average volume of 5,359,627. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $247.99. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market cap of $260.34 billion, a P/E ratio of 40.76, a PEG ratio of 2.59 and a beta of 1.31. The firm's 50-day moving average is $203.85 and its 200 day moving average is $192.75.
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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.
Insider Activity
In related news, SVP Mohamed Ali sold 1,602 shares of the firm's 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 transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on GE shares. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup dropped their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company boosted their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $216.92.
Check Out Our Latest Report on GE
About GE Aerospace
(
Free Report)
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.
Further Reading

Before you consider GE Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Aerospace wasn't on the list.
While GE Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.