CWA Asset Management Group LLC Grows Position in GE Aerospace (NYSE:GE)

CWA Asset Management Group LLC lifted its position in shares of GE Aerospace (NYSE:GE - Free Report) by 37.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,658 shares of the company's stock after purchasing an additional 1,830 shares during the quarter. CWA Asset Management Group LLC's holdings in GE Aerospace were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC boosted its holdings in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace during the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new stake in GE Aerospace during the fourth quarter worth about $28,000. CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace in the fourth quarter worth about $29,000. Finally, Copia Wealth Management grew its holdings in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Trading Up 0.0%

GE Aerospace stock opened at $235.83 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. GE Aerospace has a one year low of $150.20 and a one year high of $257.47. The stock has a market capitalization of $251.48 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 2.85 and a beta of 1.38. The business's fifty day moving average is $220.79 and its 200 day moving average is $199.75.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 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 17.63% and a return on equity of 29.15%. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Analyst Ratings Changes

GE has been the subject of several recent research reports. Wells Fargo & Company lifted their target price 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. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research note 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. UBS Group increased their target price 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 set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average price target of $221.15.

Insider Buying and Selling

In related 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred 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 directly owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. This represents 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 currently owned by corporate insiders.

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.

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