CX Institutional Increases Stock Position in GE Aerospace (NYSE:GE)

CX Institutional raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 317.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,821 shares of the company's stock after buying an additional 25,727 shares during the period. CX Institutional's holdings in GE Aerospace were worth $6,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC lifted its position 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 worth $25,000 after purchasing an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace during the 4th quarter worth $28,000. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $28,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $29,000. Finally, Picton Mahoney Asset Management lifted its position in shares of 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 purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade 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 insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GE. Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Performance

Shares of GE Aerospace stock traded down $5.97 on Thursday, reaching $239.55. 8,923,649 shares of the stock were exchanged, compared to its average volume of 5,430,015. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47. 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 has a fifty day moving average price of $215.08 and a two-hundred day moving average price of $197.88. The firm has a market capitalization of $255.45 billion, a PE ratio of 39.99, a PEG ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion for 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, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal 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.