NBT Bank N A NY Raises Stock Position in GE Aerospace (NYSE:GE)

NBT Bank N A NY raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,294 shares of the company's stock after purchasing an additional 1,497 shares during the quarter. NBT Bank N A NY's holdings in GE Aerospace were worth $2,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of GE Aerospace during the 4th quarter worth $2,375,439,000. GAMMA Investing LLC grew its stake in GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after purchasing an additional 5,044,632 shares in the last quarter. Janus Henderson Group PLC lifted its stake in GE Aerospace by 87.7% in the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock worth $597,412,000 after acquiring an additional 1,673,365 shares during the last quarter. Invesco Ltd. raised its stake in GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock valued at $1,591,970,000 after buying an additional 1,204,910 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in GE Aerospace during the fourth quarter worth approximately $194,208,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. UBS Group raised their price target 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. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Trading Up 0.0%

Shares of GE traded up $0.08 during trading hours on Thursday, hitting $235.83. 7,760,968 shares of the stock were exchanged, compared to its average volume of 5,415,230. The firm has a market capitalization of $251.48 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 2.85 and a beta of 1.38. The business has a 50-day moving average of $219.70 and a 200-day moving average of $199.37. 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 has a fifty-two week low of $150.20 and a fifty-two week high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. On average, research 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 GE Aerospace stock in a transaction 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 transaction, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $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.

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.