Fragasso Financial Advisors Inc Acquires New Holdings in GE Aerospace (NYSE:GE)

Fragasso Financial Advisors Inc acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,104 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GE. New Age Alpha Advisors LLC increased 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 valued at $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in GE Aerospace in the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace in the 4th quarter valued at about $28,000. Putney Financial Group LLC acquired a new stake in GE Aerospace in the 4th quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace in the 4th quarter valued at about $29,000. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. 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 report on Thursday, April 24th. Royal Bank of Canada lifted their price target on shares of GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Finally, Citigroup lowered their price target 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Up 0.8%

GE traded up $2.10 during trading on Wednesday, reaching $250.97. 5,810,563 shares of the stock were exchanged, compared to its average volume of 5,364,361. The stock has a market cap of $267.63 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $253.05. The stock's 50 day moving average price is $206.85 and its two-hundred day moving average price is $194.65. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. Equities analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Insider Buying and Selling at GE Aerospace

In related 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 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 $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 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 of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

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.