GE Aerospace (NYSE:GE) Shares Bought by FWG Holdings LLC

FWG Holdings LLC lifted its stake in GE Aerospace (NYSE:GE - Free Report) by 67.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,749 shares of the company's stock after acquiring an additional 1,107 shares during the quarter. FWG Holdings LLC's holdings in GE Aerospace were worth $551,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. James Investment Research Inc. purchased a new position in GE Aerospace in the first quarter worth approximately $2,054,000. Welch & Forbes LLC increased its stake in shares of GE Aerospace by 4.0% during the first quarter. Welch & Forbes LLC now owns 48,376 shares of the company's stock worth $9,683,000 after acquiring an additional 1,860 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of GE Aerospace by 5.3% during the 1st quarter. Cullen Frost Bankers Inc. now owns 93,651 shares of the company's stock worth $18,744,000 after buying an additional 4,672 shares in the last quarter. Parcion Private Wealth LLC raised its position in GE Aerospace by 108.3% in the first quarter. Parcion Private Wealth LLC now owns 4,341 shares of the company's stock worth $869,000 after acquiring an additional 2,257 shares in the last quarter. Finally, BIP Wealth LLC lifted its stake in shares of GE Aerospace by 28.5% in the first quarter. BIP Wealth LLC now owns 1,847 shares of the company's stock valued at $370,000 after purchasing an additional 410 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company increased their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Citigroup reiterated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $229.50.

Insider Buying and Selling

In other news, 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 transaction, the vice president owned 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $321,473.34. Following the completion of the sale, the senior vice president owned 8,805 shares in the company, valued at $1,766,899.35. The trade was 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.

GE Aerospace Stock Up 0.6%

Shares of GE Aerospace stock traded up $1.59 on Wednesday, hitting $266.26. 11,892,420 shares of the company's stock traded hands, compared to its average volume of 5,593,374. The stock has a market cap of $283.94 billion, a P/E ratio of 41.41, a PEG ratio of 3.17 and a beta of 1.37. The firm's 50-day moving average is $241.36 and its 200 day moving average is $210.06. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $267.20.

GE Aerospace (NYSE:GE - Get Free Report) last released 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. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. Equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.54%. GE Aerospace's payout ratio is currently 22.40%.

GE Aerospace Company 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.