First County Bank CT Invests $211,000 in GE Aerospace (NYSE:GE)

First County Bank CT purchased a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,055 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC grew its position in 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 purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $29,000. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GE has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. 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 report on Thursday, April 10th. UBS Group increased their price target 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. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $220.00 target price 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 assigned a buy rating to the company. According to data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $1.68 during midday trading on Friday, hitting $245.84. The company's stock had a trading volume of 9,141,246 shares, compared to its average volume of 5,355,651. The firm has a market capitalization of $262.16 billion, a price-to-earnings ratio of 41.04, a P/E/G ratio of 2.59 and a beta of 1.31. 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 stock has a fifty day moving average price of $205.20 and a 200 day moving average price of $193.67. GE Aerospace has a one year low of $150.20 and a one year high of $246.86.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

About GE Aerospace

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.