Fishman Jay A Ltd. MI Increases Stock Position in GE Aerospace (NYSE:GE)

Fishman Jay A Ltd. MI lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 95.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,571 shares of the company's stock after purchasing an additional 16,431 shares during the period. GE Aerospace comprises 0.7% of Fishman Jay A Ltd. MI's holdings, making the stock its 24th biggest position. Fishman Jay A Ltd. MI's holdings in GE Aerospace were worth $6,719,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GE. Union Savings Bank lifted its position in GE Aerospace by 158.8% during the first quarter. Union Savings Bank now owns 3,098 shares of the company's stock valued at $620,000 after acquiring an additional 1,901 shares during the last quarter. Nilsine Partners LLC lifted its position in GE Aerospace by 6.6% during the first quarter. Nilsine Partners LLC now owns 1,515 shares of the company's stock valued at $303,000 after acquiring an additional 94 shares during the last quarter. Woodmont Investment Counsel LLC purchased a new stake in GE Aerospace during the first quarter valued at approximately $236,000. Weaver Capital Management LLC lifted its position in GE Aerospace by 6.4% during the first quarter. Weaver Capital Management LLC now owns 7,132 shares of the company's stock valued at $1,427,000 after acquiring an additional 432 shares during the last quarter. Finally, Continuum Wealth Advisors LLC lifted its position in GE Aerospace by 17.5% during the first quarter. Continuum Wealth Advisors LLC now owns 2,841 shares of the company's stock valued at $569,000 after acquiring an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23% 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, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GE. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. 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 report on Thursday, April 24th. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group raised their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Up 1.3%

NYSE:GE opened at $238.91 on Friday. The firm has a market capitalization of $254.78 billion, a P/E ratio of 37.16, a PEG ratio of 2.85 and a beta of 1.38. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47. The company's fifty day moving average price is $221.93 and its 200-day moving average price is $200.15. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. As a group, equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.