Legacy Advisors LLC Buys 4,694 Shares of GE Aerospace (NYSE:GE)

Legacy Advisors LLC grew its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 70.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,334 shares of the company's stock after buying an additional 4,694 shares during the quarter. Legacy Advisors LLC's holdings in GE Aerospace were worth $2,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in GE Aerospace by 3.4% in the fourth quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company's stock valued at $1,203,000 after purchasing an additional 235 shares during the period. Olympiad Research LP acquired a new position in GE Aerospace during the 4th quarter worth about $242,000. Finally, Wealthspire Advisors LLC grew its position in shares of GE Aerospace by 7.6% in the 4th quarter. Wealthspire Advisors LLC now owns 21,066 shares of the company's stock valued at $3,514,000 after buying an additional 1,483 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. UBS Group boosted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Up 0.4%

NYSE GE traded up $1.11 on Wednesday, reaching $249.86. The company had a trading volume of 5,063,608 shares, compared to its average volume of 5,394,554. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company's fifty day moving average is $224.44 and its 200 day moving average is $201.31. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. The stock has a market capitalization of $266.45 billion, a P/E ratio of 38.86, a P/E/G ratio of 2.99 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share 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 return on equity of 29.15% and a net margin of 17.63%. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 now owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on 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 $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. 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.