Fulton Bank N.A. Has $1.73 Million Stake in GE Aerospace (NYSE:GE)

Fulton Bank N.A. raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 46.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,630 shares of the company's stock after acquiring an additional 2,742 shares during the quarter. Fulton Bank N.A.'s holdings in GE Aerospace were worth $1,727,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of GE Aerospace in the 4th quarter valued at approximately $2,375,439,000. GAMMA Investing LLC grew its holdings in GE Aerospace by 23,611.7% during the first quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of GE Aerospace by 87.7% in the fourth quarter. Janus Henderson Group PLC now owns 3,581,799 shares of the company's stock valued at $597,412,000 after purchasing an additional 1,673,365 shares during the period. Invesco Ltd. lifted its stake in shares of GE Aerospace by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after buying an additional 1,204,910 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of GE Aerospace in the fourth quarter worth $194,208,000. 74.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was 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 of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. UBS Group upped 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. Redburn Atlantic began coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Wells Fargo & Company boosted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada increased their target price on GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $0.85 during mid-day trading on Thursday, hitting $251.73. The company had a trading volume of 4,140,352 shares, compared to its average volume of 5,359,362. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $253.06. The firm has a market cap of $268.44 billion, a P/E ratio of 42.03, a PEG ratio of 2.59 and a beta of 1.38. The business's 50-day simple moving average is $207.88 and its 200-day simple moving average is $195.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

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.