NBT Bank N A NY Purchases 1,497 Shares of GE Aerospace (NYSE:GE)

NBT Bank N A NY lifted its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,294 shares of the company's stock after buying an additional 1,497 shares during the quarter. NBT Bank N A NY's holdings in GE Aerospace were worth $2,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GE. Truvestments Capital LLC increased its position in shares of GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after buying an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its position in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after buying an additional 50 shares during the period. Ballast Advisors LLC increased its position in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after buying an additional 51 shares during the period. Blue Barn Wealth LLC increased its position in shares of GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after buying an additional 54 shares during the period. Finally, First Heartland Consultants Inc. increased its position in shares of GE Aerospace by 1.2% during the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value 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 trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup decreased their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company upped their price objective 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 set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Price Performance

NYSE GE traded up $3.02 on Friday, reaching $238.91. 9,076,781 shares of the company's stock traded hands, compared to its average volume of 5,386,266. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The stock has a 50-day simple moving average of $221.93 and a 200 day simple moving average of $200.27. The stock has a market cap of $254.78 billion, a PE ratio of 37.16, a P/E/G ratio of 2.89 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating 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%. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

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.