Castlekeep Investment Advisors LLC purchased a new stake in GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,341 shares of the company's stock, valued at approximately $1,725,000.
A number of other institutional investors have also modified their holdings of GE. New Age Alpha Advisors LLC raised its stake in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the 4th quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace during the 4th quarter valued at $29,000. Finally, Picton Mahoney Asset Management increased its stake in GE Aerospace by 62.4% during the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.
GE Aerospace Trading Up 3.8%
Shares of GE stock traded up $8.85 on Tuesday, reaching $241.64. 7,155,497 shares of the stock were exchanged, compared to its average volume of 5,344,789. The stock has a market cap of $257.68 billion, a PE ratio of 40.34, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a one year low of $150.20 and a one year high of $242.24. 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 stock has a 50 day moving average price of $202.30 and a 200 day moving average price of $192.06.
GE Aerospace (NYSE:GE - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $9.06 billion. Equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently weighed in on GE shares. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Redburn Atlantic initiated 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. Bank of America lifted their price objective on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. UBS Group increased their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.92.
View Our Latest Report on GE
Insider Buying and Selling
In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now 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 filing with the SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's 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 sale, 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. 0.21% of the stock is owned by insiders.
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.
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